Tag: COVI-19 losses

COVID-19 Loss of $44 Billion Is Third-Largest Catastrophe Cost to Insurers

Viruses and Shield. Defending against Virus Attack Concept.

According to insurance broker Howden, COVID-19’s insured losses of $44 billion so far represent the third highest cost to insurers of any catastrophe, trailing only Hurricane Katrina and the 9/11 attacks. However, Howden said in a report on reinsurance renewals that initial projections of $100 billion or more for COVID-19 insured losses now appear “improbable.”… Continue reading COVID-19 Loss of $44 Billion Is Third-Largest Catastrophe Cost to Insurers