QBE expands COVID-19 BI claims provision after UK ruling

Australia-based QBE Insurance Group Ltd. has increased its provision for COVID-19-related business interruption claims by $185 million following the U.K. Supreme Court’s ruling in the favor of BI policyholders, The Sydney Morning Herald reported. QBE has raised the provision to $785 million for potential BI claims in Australia.

Source: Business Insurance

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