COVID-19 general insurance losses range from $32 billion to $80 billion across key classes in U.S. and U.K., says Willis Towers Watson
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., May 01, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson’s (NASDAQ: WLTW) Insurance Consulting and Technology business has published a report that provides an initial estimate of the financial impact of COVID-19 to the property and casualty insurance industry. The focus of the report is on general insurance business written across key classes in the U.S. and U.K., including the London Market. The report provides an overall estimate of the potential COVID-19 insured losses across a range of pandemic scenarios,1 with loss estimates provided for those general insurance classes that Willis Towers Watson expects to be adversely affected by COVID-19. These include U.S. and U.K. business interruption, contingency, U.S. directors’ and officers’, employment practices liability, general liability, mortgage, trade credit and surety, workers compensation. “Optimistic” scenario (return to pre-COVID-19 state following three months of social distancing): Willis Towers Watson est
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