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Best’s News & Research Service subscription required - January 29, 2021 03:45 PM (EST)

Gallagher Exec: Tokyo Olympics Underwriters May Face Up to $3 Billion in Losses on Cancellation

Insurers and reinsurers may face between $2 billion and $3 billion in losses should the delayed Tokyo Olympics be canceled but organizers say the Games will go on this summer. . . .

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