Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk, a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Net income after taxes fell to $24.3 billion… Continue reading P/C Insurers Report a 26% Drop in Net Income in First-Half 2020
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