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Sun May 17, 2020, 12:08 PM

Lloyd's of London Faces Historic Losses from the Pandemic

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Reply Lloyd's of London Faces Historic Losses from the Pandemic (Original post)
TheBlackAdder May 2020 OP
Laelth May 2020 #1
Wellstone ruled May 2020 #2

Response to TheBlackAdder (Original post)

Sun May 17, 2020, 12:16 PM

1. That's what happens when you "insure" things.

None of us can safely predict the future.

-Laelth

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Response to TheBlackAdder (Original post)

Sun May 17, 2020, 01:12 PM

2. Lloyds CEO in a

 

Bloomberg Interview on Thursday AM,stated they will be requiring their Investor's to anti up a significant amount of money to cover their losses,both Pandemic and Business wise. Also said,Business Insurance Rates are going to be hiked and we are looking at a two to five recovery,all depending on if the Virus regenerates in the coming months.
This is the DU member formerly known as Wellstone ruled.

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