UK travel insurers’ coronavirus losses at least £275m, says ABI

Credit: iStock/Tero Vesalainen

Covid-19 is set to cost UK travel insurers at least £275m and see them record their biggest annual loss ever, according to the Association of British Insurers (ABI). It said initial estimates suggest the vast majority of losses will be for cancellations, with some for disruption costs incurred overseas. The £275m figure far exceeds the highest previous annual figure for…

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