Category: insurance companies

Insurance Companies Note 40 Percent Rise in Deaths

Insurance companies are reporting a jump in death payouts due to a dramatic rise in the number of deaths. The rise in the death rate is being corroborated by death certificate data from the Centers for Disease Control and Prevention (CDC). The death rate is up by 40 percent from pre-pandemic levels according to Scott…


Insurance Companies Note 40% Rise in Deaths

Insurance companies are reporting a jump in death payouts due to a dramatic rise in the number of deaths. The rise in the death rate is being corroborated by death certificate data from the Centers for Disease Control and Prevention (CDC). The death rate is up by 40 percent from pre-pandemic levels according to Scott…


CCP Pandemic Cost Insurers $44 Billion, the Third Largest in History

COVID-19 was declared to be the third largest cost to insurance companies of any catastrophe in history after Hurricane Katrina and the 9/11 attacks, with losses of up to $44 billion, according to the insurance broker Howden, in a Jan. 4 report on reinsurance renewals. This amount is lower than the initial 2020 projections of $100…


CCP Virus Pandemic Cost Insurers $44 Billion, 3rd Largest in History

COVID-19 was declared to be the third largest cost to insurance companies of any catastrophe in history after Hurricane Katrina and the 9/11 attacks, with losses of up to $44 billion, according to the insurance broker Howden, in a Jan. 4 report on reinsurance renewals. This amount is lower than the initial 2020 projections of $100…