Pandemic insurance losses were bigger than what Lloyd’s of London expected

Pandemic insurance losses - mask - money

The cost on a global scale for 2020 will be greater than what the insurance marketplace estimated. Bruce Carnegie-Brown, chairperson at Lloyd’s of London, announced that the global pandemic insurance losses this year will be higher than what they had previously estimated. Sixteen different business insurance lines are facing claims at the 334-year-old Lloyd’s of London. Chairperson Carnegie-Brown recently spoke at the Reuters Events Future of Insurance USA conference. There, he stated that the pandemic insurance losses would be comparable with the price tag associated with the catastrophes that struck…

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