Australia’s Floods to Hit Insurers’ Earnings, Put Upward Pressure on Reinsurance Rates

Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates, according to a report from AM Best. The floods, expected to be …

This post was originally published on this site

Lawyers Lookup - LawyersLookup.ca