If you needed proof of the pelting that the insurance industry has taken at the hands of the coronavirus, then look no further than Lloyd’s of London.
It is predicting payouts of up to £5 billion (around AU$8.9 billion) after reporting a £400 million (around AU$714 million) loss in the first half of the year, compared to a £2.3 billion profit in the same period in 2019.
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