Business interruption insurance claims are a worry, BoE says before court rules

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By Carolyn Cohn and Huw Jones

LONDON (Reuters) – The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by the coronavirus crisis.

Anna Sweeney, the BoE’s executive director for insurance, said the sector has remained robust in the face of the COVID-19 pandemic’s impact on assets they hold and on liabilities.

“The highest level of uncertainty remains around business interruption,” she told a City & Financial online event.

Britain’s Financial Conduct Authority goes to court this month to clarify whether an array of wordings in business interruption insurance policies back claims for compensation for disruptions caused by pandemic lockdowns.

“A number of insurers are taking steps to make sure there is no ambiguity about who is and isn’t covered for

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These big brands actually make costco’s Kirkland products

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When Costco customers see the red and black Kirkland Signature label, they know they’re going to get a good product at a great price. But they don’t always know who’s making it.

Store brand products like Kirkland are typically manufactured by third parties, not the store itself. Many of these behind-the-scenes companies are actually famous retail titans, so you can save big on your grocery bill without losing quality.

While plenty of the names behind Kirkland Signature products are public knowledge — some printed right on the box — others remain a closely guarded secret. More than a few rumors have popped up from people claiming to be in the know.

Here are the names we can confirm and the myths we can debunk, assuming no recent supplier swaps:

Confirmed.

Websites including Dog Food Insider claim that Kirkland Signature Dog Food is actually manufactured by Diamond Pet Foods, also known … Read More