Lloyd's of London expects £5bn in Covid-19 insurance payouts
by Julia Kollewe from on (#57ZXV)
Insurance market says claims totalled 2.4bn in first half of 2020, leading to 400m loss
Lloyd's of London, the world's biggest insurance market, has said it expects up to 5bn to be paid out in claims related to the coronavirus pandemic.
The insurers that operate in the Lloyd's market are paying out Covid-19 claims in 16 different insurance areas, mostly related to event cancellations but also medical malpractice, travel cancellations and business interruption.
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