Mactavish warns Covid-19’s impact on insurance sector could be greater than 9/11 and worsen hard market

Credit: iStock/traviswolfe

Mactavish has warned that Covid-19’s impact on the commercial insurance sector could be greater than 9/11, with heavy investment losses exacerbating the hard market and premiums rising dramatically, cover being withdrawn, more exclusions and rejected claims. It has therefore called for a range of emergency government and industry measures to support the insurance market and its customers, including a temporary…

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