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Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis

May 5, 2020

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Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.

Executives, lawyers and analysts say the cost is sure to be multiples of prior catastrophes like Hurricane Katrina, the Tōhoku tsunami or the 9/11 terrorist attacks. That could be tens of billions to half a trillion dollars or more, depending on how long the pandemic lasts and other variables.

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