News Coronavirus watch04 May 2020

COVID-19 losses could surpass 9/11 claims

| 04 May 2020

General insurance industry losses due to COVID-19 could surpass the claims from the World Trade Center attacks in 2001. A report by Willis Towers Watson (WTW) released on 1 May 2020 estimates the general insurance losses due to COVID-19 in the US and UK alone to be between $32bn and $80bn.

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