UK and US insured losses could hit $80bn under year-long lockdown: WTW
The UK and US insurance markets face losses of $80bn (£64bn) if lockdowns and social distancing measures to curb the spread of the coronavirus need to be kept in place for 12 months, according to Willis Towers Watson.
Were controls to be lifted after six months, WTW estimate insured losses across the US and UK markets could reach $32bn.
Business interruption and contingency claims make up a large share of the
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