P/C Insurance First-Half Underwriting, Net Income Drops Tied to COVID

U.S. property/casualty insurance underwriting income dropped 5.5 percent in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 costs are to blame, according to an A.M. Best report. …

from News – Insurance Journal https://ift.tt/34BI9Ix