Port Authority of NY-NJ issues Covid-19 loss notice on giant $1.6bn cover

Port Authority NY NJ

The Port Authority of New York and New Jersey (PANY-NJ) has put out a precautionary first notice of loss to insurers on its $1.6bn property tower of a potential full limits claim for Covid-19 despite the policy having a low sub-limit for viruses, The Insurer can reveal.

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