Three of the nation’s biggest insurers posted first-quarter earnings revealing wide-ranging effects of Covid-19, including a surge in business-interruption claims, poorer investment results and an auto-policy windfall. The insurers’ first-quarter earnings reflected only the opening weeks of the world-wide spread of the coronavirus. All cautioned that the second quarter would be more revealing of the pandemic’s impact.

Source: Wall Street Journal May 05, 2020 22:59 UTC