PRESS RELEASE
Mar 03, 2021 08:26 AM (EST)
U.S. health insurance companies are well-prepared to face COVID-19-related uncertainties and other challenges in 2021, although earnings are expected to be significantly lower given a return to more-normal utilization and cost trends, according to AM Best’s annual Review & Preview market segment report.
PROPERTY AND CASUALTY INSURANCE
Mar 01, 2021 04:20 PM (EST)
Fewer miles driven in 2020 helped the property/casualty industry offset higher catastrophe losses, said Michelle Baurkot and Jennifer Marshall, directors, AM Best. They discussed AM Best’s annual review and preview special report on the P/C industry.
RUNOFFS
Mar 02, 2021 10:42 AM (EST)
A desire by underwriters to shed noncore business as they adapt to rapid market changes, along with increased confidence in the tools of the trade, are driving a momentum for new deals for the property/casualty runoff market.
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