Tag: property insurance claims

Zurich Insurance predicts its pandemic claims payouts will break $750 million this year

H. Cutner
Pandemic claims - Man sittig at window looking out - virus

The estimates involve the overall property and casualty (P&C) payments specific to the coronavirus. Zurich insurance has released its most recent forecast regarding payments of pandemic claims. The insurer giant predicts that its own payouts will be in the ballpark of $750 million for 2020. The insurer’s CFO said that the claim level can be compared to all 2017’s hurricanes combined. George Quinn, CFO at Zurich said that the size of the pandemic claims is similar to what they experienced in 2017 from Hurricanes Harvey, Irma and Maria, combined. That…

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Insurance claims industry one of top ten fastest growing job markets

Though employment continues to struggle across the country during this slow recovery from the recession, there have been several industries – such as insurance claims – where it is anticipated that there will be a rapid spike in hiring and employment for the upcoming few years.  According to IBISWorld, an industry research firm, It is believed that there will be a growth rate of 5.7 percent every year from now until 2016 in employment in the areas of claims adjusting and third party administrators.  The number of employees in that…

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