Insurers report improved income as resumption in economic activity drives growth in premiums and losses, according to Verisk and APCIA.
Private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic, according to a report from Verisk (NASDAQ:VRSK), a global data analytics provider, and the American Property Casualty Insurance Association (APCIA).
As the U.S. economy recovers from the pandemic, insurers’ net income rose to $37.5 billion in the first half of the year, up from $24.3 billion in
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