There is no escape from the fact that after a prolonged period when price stability was one of the characteristics of the global economy, we have entered a new and volatile era of high inflation and a possible economic slowdown. Due to the unique set of circumstances that is driving this rise in living costs, it is reasonable to expect that it will remain a major
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On March 13, 2020, three plainclothes police officers forced entry into an apartment and fired some 32 shots. A woman sleeping in her bed was shot six times and died.
On May 25, 2020, a Black man was killed during a routine arrest when a police officer knelt on his neck for 9 minutes and 29 seconds.
On September 3, 2020, a woman drove her car into a crowd of Black Lives Matter protesters, injuring several people.
On December 12, 2020, four people were stabbed in the Nation’s capital following a day of protesting by competing groups over the results of a democratic election.
P/C Insurers’ Net Income for 9 Months Fell 27% on Impact of Catastrophes
In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the industry dealt with the effects of the COVID-19 pandemic and an historic catastrophe season.
A report from data firm Verisk and the American Property Casualty Insurance Association (APCIA), shows the deterioration in underwriting results was due, in part, to the losses and loss adjustment expenses from catastrophes, which more than doubled to $47.1 billion for nine-months 2020 from $21.5 billion in the same nine-month period a year earlier.
American Property Casualty Insurance Association: Property & Casualty Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020
Targeted News Service (Press Releases)
JERSEY CITY, New Jersey,
Feb. 10 (TNSRes)
In the first nine months of 2020, the private
U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from
Verisk (Nasdaq:VRSK), a leading global data analytics provider, and the
American Property Casualty Insurance Association (APCIA).
The industry s net income after taxes dropped 27.5 percent to
$35.1 billion in the first nine months of 2020 and net underwriting gains declined to