2min chapter

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437. Many Businesses Thought They Were Insured for a Pandemic. They Weren’t.

Freakonomics Radio

CHAPTER

The Challenge With Covid Losses

Lloyd's estimates that covid losses across the property and casualty insurance industry would be an unprecedented two hundred billion dollars. The challenge with covid is dimensionally more lex as a risk for the insurance industry to manage than your average hurricane. Yds lost money in two thousand seventeen and two thousand eighteen, but returned to profitability in two thousand nineteen. That was a good year for most property and casualty insurers in the u s....

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