The following is the presentation on the impact of COVID-19 on the property/casualty insurance industry that Triple-I CEO Sean Kevelighan and Senior Economist Dr. Michel Leonard gave to a special session of the National Association of Insurance Commissioners on March 20, 2020.
In their presentation, Kevelighan and Leonard highlighted the industry’s financial strength and noted that insurers providing workers compensation coverage to hospitals, first responders, and law enforcement face the highest exposure to COVID-19 related claims. Liability and directors and officers (D&O) insurers who cover health care, transportation, retail and pharmaceutical businesses have moderate exposure, Leonard added.
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