Insurance Information Institute CEO Sean Kevelighan participated on a business interruption insurance panel organized by the U.S. House of Representatives on May 21, 2020. The virtual session was hosted by the Innovation and Workforce Subcommittee of the House Committee on Small Business. View the video and presentation here.
Severe convective storms are among the most common, most damaging natural catastrophes in the United States. The result of warm, moist air rising from the earth, they manifest in various ways, depending on atmospheric conditions – from drenching thunderstorms with lightning, to tornadoes, hail, or destructive straight-line winds.
2019 was a solid, profitable year for the property/casualty industry, with contributions to profit from both insurance and investment operations. Net income after taxes was $61.4 billion. At the end of 2019, industry surplus attained its highest-ever level—$847.8 billion. This was driven largely by unrealized capital gains from a soaring stock market in the second, third, and fourth quarters of the year and declining interest rates.
For immediate release New York Press Office: (917) 923-8245; email@example.com NEW YORK, May 22, 2020—The importance of disaster preparedness, building resilience, and innovative insurance products were the themes panelists highlighted at a virtual Town Hall co-hosted by th… Read More
For immediate release New York Press Office: (917) 923-8245; firstname.lastname@example.org NEW YORK, May 21, 2020---U.S. Read More