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Property Claim Services (PCS), the provider of industry loss estimates and loss data globally and a unit of Verisk, has designated two cyber attacks as ....
Despite volatility and uncertainty on several fronts, the tailwinds driving the insurance and reinsurance industry are stronger than any headwinds, and the growing protection gap offers clear business opportunities, says Franz-Josef Hahn. ....
Markel Reports 2020 Financial Results News provided by Share this article Share this article RICHMOND, Va., Feb. 2, 2021 /PRNewswire/ Markel Corporation (NYSE: MKL) today reported its financial results for the year ended December 31, 2020. The following tables present summary financial data for 2020 and 2019. Years Ended December 31, 2020 $ December 31, 2020 $ 13,794 Our insurance operations delivered an underwriting profit for 2020 in the face of significant losses attributable to the global pandemic and the unusually high number of natural catastrophes as we benefited from capturing meaningful rate increases and new business in targeted growth areas globally, while exercising strong expense discipline, commented Thomas S. Gayner and Richard R. Whitt, Co-Chief Executive Officers. Encouragingly, for the fourth quarter, we reported an 89% combined ratio, which included four points of pandemic and catastrophe-related losses. Mark ....
Short term, but perhaps some comfort for hurricane sandy victims the i.r.s. has a tax break specifically for you. not super generous, but every little bit helps. it takes work to get this, so we want to know and make sure you know how to do it. senior business correspondent brenda butner explains. disaster relief from the i.r.s.? if you or someone you know suffered daniels to a home as a result of super storm sandy, you could be eligible for tax break. you can deduct catastrophic loss from the income. what is the catastrophe? i.r.s. defines as damage, destruction or loss of property resulting fa identifiable event, sudden, unexpected or unusual. one of the limitations, even if you do have a catastrophe, you won t be able to use the deduction if you don t itemize your deductions. even if you can itemize, you may not get a large deduction. the catastrophe loss is ....