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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.
Adding 4.4% to the segment combined ratio, diversified commercial lines writers accounted for 72% of overall losses related to the pandemic in 1H20. (Photo: Shutterstock)The latest mid-year report from Fitch Ratings shows operating performance for North American property & casualty insurers declined in the first half of 2020, with the ongoing coronavirus pandemic affecting underwriting results and investment earnings.
Annualized Generally Accepted Accounting Principles (GAAP) operating ROAE declined to 2.8% in the first half of the year, down from 8.3% in 2019.
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Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
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