Expert: Carriers Fared Well During Pandemic, but Economic 'Scars' Will Affect Industry for Years

Workers’ compensation carriers showed resilience during the COVID-19 pandemic, but the lingering economic impacts from its financial fallout could affect property and casualty insurers for years to come, an insurance expert said this week. “There’s no question about it: We’re all seeing and feeling the scars of COVID-19, both physical and economic, even today,” said Robert Hartwig, a finance professor from the University of South Carolina who specializes in the economics of workers' comp. “And they’re going to continue for quite some time...