COVID-19 Loss Of $44B Is 3rd Largest Catastrophe Cost To Insurers
Wednesday, January 5th, 2022 CatastropheInsured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday.
However, initial projections of $100 billion-plus for COVID-19 insured losses now look "improbable", Howden said in a report on reinsurance renewals.
External References & Further Reading
https://www.reuters.com/markets/commodities/covid-19-loss-44-bln-is-3rd-largest-catastrophe-cost-insurers-howden-2022-01-04/
