Direct Line halts share buyback, sees rise in travel claims due to coronavirus
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(Reuters) - UK's biggest motor insurer Direct Line halted its 250 million pounds share buyback programme on Thursday and said it expected a jump in travel insurance claims, while motor insurance claims could fall temporarily due to the coronavirus outbreak.The company added that travel claims related to the virus climbed to 5 million pounds on March 15 from around 1 million pounds on March 3.Direct Line, which has struggled due to minimal rises in price of a motor insurance cover in the last..