I think other replies describe why this is a terrible approach to looking at a movement, but you mentioned insured property loses and I couldnt help but wonder if the protests actually did any damage to insurance companies (unfortunately they didnt take even a dime).
Private U.S. property/casualty insurers’ made more in 2020 than 2019 in net underwriting gains (difference between net premiums and any claims and other insurance-related expenses)
$5.1 billion of net underwriting gains in 2020
compare to $3.7 billion of net underwriting gains a year earlier
I think other replies describe why this is a terrible approach to looking at a movement, but you mentioned insured property loses and I couldnt help but wonder if the protests actually did any damage to insurance companies (unfortunately they didnt take even a dime).
Private U.S. property/casualty insurers’ made more in 2020 than 2019 in net underwriting gains (difference between net premiums and any claims and other insurance-related expenses)
https://www.verisk.com/490445/siteassets/media/downloads/insuranceresultsreport2020fullyear.pdf