Insurance Information Institute: P/C Insurers Remained Profitable in 2020's First-Half Despite Challenges
October 30, 2020
October 30, 2020
NEW YORK, Oct. 30 (TNSRes) -- The Insurance Information Institute issued the following news release:
The U.S.'s property/casualty (P/C) insurers turned in a profitable performance in 2020's first-half even as the industry's net income dropped 26 percent compared to 2019's first-half, according to Dr. Steven Weisbart, Chief Economist, Insurance Information Institute (Triple-I).
"The first half of 2020 was by most measures financially successful for insurers writing . . .
The U.S.'s property/casualty (P/C) insurers turned in a profitable performance in 2020's first-half even as the industry's net income dropped 26 percent compared to 2019's first-half, according to Dr. Steven Weisbart, Chief Economist, Insurance Information Institute (Triple-I).
"The first half of 2020 was by most measures financially successful for insurers writing . . .