Triple-I to Brief Insurance Regulators on COVID-19's Market Impact
The
"The nation's property/casualty insurers are financially strong as a group and stand ready to pay the covered claims they receive," said
Dr.
The outlook projects COVID-19 could reduce significantly the global gross domestic product (GDP), prompt central banks to cut interest rates, and have financial repercussions for P/C insurers and their customers into 2021.
"Workers compensation, liability, and directors and officers are among the largest insurance lines with the greatest potential exposure to COVID-19-related claims,"
The NAIC's special session is open to the public.
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