Cos. Will Make More Insurance Claims Under No-Deal Brexit
Law360, London (March 8, 2019, 5:38 PM GMT) -- Insurers predict that British companies will make more insurance claims if the U.K. crashes out of the European Union without a deal because of the risks it will cause to their business and directors, according to research published Friday.
Premium Credit Ltd., a company that finances insurance premiums, said it found that four in 10, or 38 percent, of insurance professionals believe that a "no-deal" Brexit will drive more British firms to make insurance claims for drops in their income, which is covered by business interruption insurance.
And of the 53 insurance brokers that Premium Credit interviewed, 15 percent believe there...
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