Property/Casualty Insurance Industry Suffered Largest-Ever Drop in Surplus in First Quarter of 2020
July 29, 2020
July 29, 2020
JERSEY CITY, New Jersey, July 29 -- The American Property Casualty Insurance Association issued the following news release:
The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020--its largest-ever quarterly decline--as the stock market suffered a major downturn, according to Verisk (Nasdaq:VRSK), a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Since then, the COV . . .
The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020--its largest-ever quarterly decline--as the stock market suffered a major downturn, according to Verisk (Nasdaq:VRSK), a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Since then, the COV . . .