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Insurance Day

Iberian power outage losses pegged at up to €300m

Morningstar DBRS expects financial losses related to insurance claims from Iberian Peninsula electricity outage will be manageable

Morningstar DBRS has estimated insured losses of between €100m ($113.7m) and €300m in Spain and significantly less than this in Portugal related to claims from the massive power outage in the Iberian peninsula.

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