AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business
Share!
Insurance Journal - Mar 25, 2020
Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant, according to a new AM Best commentary. Losses on …...
Recommended Articles
Extreme Weather Is Driving More US Power Outages, Studies Show
Posted: May 03, 2024
For decades, residents of eastern Queens in New York City have complained that they’re more li...
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
Posted: May 03, 2024
Cracked steel columns are not “property damage,” but are building products that are not...
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports
Posted: May 03, 2024
Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their ra...