Insurers in the UK are moving to close any loopholes in the terms of their business coverage to make sure the covid-19 pandemic is explicitly excluded. The Association of British Insurers (ABI) has said that the travel insurers in the UK could face a record-breaking estimate of at least £275m in claims over the covid-19 outbreak. This could be the highest pay-out for passenger flight cancellations, till date. The industry has been criticised for sticking to a tough line since the crisis began that the outbreak is already excluded from many policies. Now, the industry is tightening ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes