QBE forecasts $70m net hit after BI ruling
QBE has predicted that it faces a $70m (£54.3m) hit net of reinsurance for business interruption claims in the UK after the court ruling yesterday on the BI test case.
The insurer has also revealed that it may appeal part of the judgment.
The firm was one of eight providers defending the case against the Financial Conduct Authority which had brought it on behalf of
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