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28 July 2020
Two weeks ago, Guardrisk announced that we were looking for ways to provide support to businesses in the tourism and hospitality sector in light of the devastating economic impact caused by the COVID-19 pandemic. During the past weeks we have been in discussion with the regulators, as well as our reinsurers, to enable us to formulate the best possible commercial settlement for our policyholders, while the legal impact of the pandemic on business interruption policies is pending in the courts.
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