Prime Trust, LLC Files Voluntary Chapter 11 Petitions
LAS VEGAS--(BUSINESS WIRE)--Aug 14, 2023--
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LAS VEGAS--(BUSINESS WIRE)--Aug 14, 2023--
Sustained domestic transmission of SARS-CoV-2 would worsen COVID-19-pandemic-related losses for Taiwan’s non-life insurers this year and end the sector’s 21-year profit streak, Taiwan Ratings Corp (中華信評) said yesterday. The sector is likely to report an overall underwriting loss this year due to COVID-19 coverage, thus terminating the sector’s long profitable streak, the local arm of S&P Global Ratings said. “We see considerable uncertainty over the potential claims facing non-life insurers,” Taiwan Ratings credit analyst Patty Wang (王珮齡) said, adding that heavy los...