Covid-19: ABI hits back following open letter from pub industry
The sector has united to highlight its disappointment in the insurance industry following the coronavirus pandemic and lockdown.
The Association of British Insurers (ABI) director general, Huw Evans, warned that the insurance industry has not collected enough premiums to pay for all claims arising from Covid-19.
Evans wrote: “The scale of the problem would see the cost of such payments easily run into billions of pounds for which the insurance industry has not collected premiums or reserved.
“Such goodwill gestures could therefore only be delivered at risk to insurer solvency and require insurance executives to breach
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