News Coronavirus watch01 Dec 2020

US:P&C net underwriting income plunges 86%

| 01 Dec 2020

The US property and casualty industry net underwriting income dropped by 86% to $600m in the first nine months of 2020 compared with the corresponding period in the previous year as insurers reported COVID-19 related increases in underwriting expenses and dividends to policyholders.

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