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VIRUS OUTBREAK: INSURANCE IMPACT

Uncertainty looms for business interruption insurance claims

Amid Covid-19 pandemic, many insurers argue these policies are not designed to cover government-imposed lockdowns

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"Business interruption policies usually require damage to property. One of the issues faced now is whether the presence of Covid-19 constitutes damage."

Singapore

ALREADY struggling for survival amid the deepest recession in years, some business owners have also discovered in recent months that the insurance policies they bought for cover against business interruption - and that they are paying thousands of dollars in annual premiums to...

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