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U.S. property/casualty insurance net income dropped by more than a fourth in the first nine months of 2020 as the industry was hammered by COVID-19 and an historic catastrophe season, according to a ...
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...
Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of COVID-19 and its adverse impact on the global financial market. ...
Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won't have to worry about their credit quality, S&P Global ...
Markel Corporation will be holding its 2020 annual meeting virtually, with only company officers and other personnel in physical attendance at the session. The specialty insurer said it made the ...
While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual ...
U.S. commercial insurers face mounting political pressure to cover claims from businesses that are losing revenue because of coronavirus shutdowns ordered by state and local governments. Insurers ...
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...
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