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Recent lawsuits also allege that insurers unfairly profited from high rates during the pandemic.
CoreLogic estimates covered insurance losses from the storm to fall between $8 and $12 billion.
New data shows how pandemic-related changes in driving behaviors have had a positive impact on auto insurer profits.
Rate increases, capacity reductions, and other trends continue to harden the market amidst ongoing COVID-19 challenges, says a report from USI.
Rates increased for the tenth consecutive quarter despite the minimal impact of the COVID-19 pandemic.
Here is a round-up of essential COVID-19-related news from around the world on April 20, 2020.
This report from ITC provides agencies and carriers a general baseline of their operations. amidst the coronavirus pandemic.
However, workers' compensation average premium renewal rate change remained in negative territory.
Workers' compensation insurers may soon experience a torrent of claims and lawsuits related to the coronavirus.
The outlook revision is due to concerns over COVID-19 and related impacts on the credit quality of reinsurers.