How the COVID-19 Pandemic Is Changing the Insurance Industry
Claims activity fell in tandem with regional closures, but subsequent changes haven't been as consistent.
When financial concerns rise, insurers that compete on price may get a second look.
Insurance shopping rose during the shutdown, particularly for companies not exclusively focused on direct selling.
Data shows changing severity patterns for the initial 10-day window, with subsequent changes as well.
Insurers' rapid responses to the shutdowns via rebates and discounts helped contain price shoppers.
