Tag: coronavirus losses

Insurers Struggling to Estimate Losses from COVID-19 Fallout

Microscopic illustration of the spreading 2019 corona virus that was discovered in Wuhan, China. The image is an artisic but scientific interpretation, with all relevant surface details of this particular virus in place, including Spike Glycoproteins, Hemagglutinin-esterase, E- and M-Proteins and Envelope.

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Executives, lawyers and analysts say the cost is sure to be multiples of prior catastrophes like Hurricane Katrina, the Tōhoku… Continue reading Insurers Struggling to Estimate Losses from COVID-19 Fallout