Allianz’s Bäte calls notion of insurer lockdown loss cover ‘stupid’
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Allianz’s Bäte calls notion of insurer lockdown loss cover ‘stupid’

Samuel Casey
19 February 2021
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The insurance industry would be “stupid” to suggest it had the capacity to provide indemnity for mass government shutdowns of businesses during pandemics, according to Allianz CEO Oliver Bäte.

The

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