Posted on 02/23/2022 6:28:02 AM PST by karpov
U.S. life insurers, as expected, made a large number of Covid-19 death-benefit payouts last year. More surprisingly, many saw a jump in other death claims, too.
Industry executives and actuaries believe many of these other fatalities are tied to delays in medical care as a result of lockdowns in 2020, and then, later, people’s fears of seeking out treatment and trouble lining up appointments.
Trade group American Council of Life Insurance said the pandemic in 2020 drove the biggest annual increase in death benefits paid by U.S. carriers since the 1918 influenza epidemic, totaling billions of dollars. The hit to the industry’s bottom line has been less than initially feared, however, because many victims have been older people who typically have smaller policies, if any coverage.
Some insurers see continued high levels of these deaths for some time, even if Covid-19 deaths decline this year.
In earnings calls for the past two quarters, Globe Life Inc., Hartford Financial Services Group Inc., Primerica Inc. and Reinsurance Group of America Inc. were among insurers noting higher non-Covid-19 deaths, compared with pre-pandemic baselines.
“The losses we are seeing continue to be elevated over 2019 levels due at least in part, we believe, to the pandemic and the existence of either delayed or unavailable healthcare,” Globe Life finance chief Frank Svoboda told analysts and investors earlier this month.
Among the non-coronavirus-specific claims are deaths from heart and circulatory issues and neurological disorders, he said. “We anticipate that they’ll start to be less impactful over the course of 2022 but we do anticipate that we’ll still at least see some elevated levels throughout the year,” he said.
Primerica executives similarly cautioned in their fourth-quarter call about outsize numbers of non-Covid-19 deaths in 2022.
(Excerpt) Read more at wsj.com ...
To state the obvious, people die of many things other than covid, and reducing covid deaths must be balanced against other goals.
The experimental vaccines with secret clinical testing data can’t possibly have anything to do with it.
No shirt Sherlock.
My comment was meant for the author.
Covid is over, which is why the media and Brandon need Putin to blame everything on now. https://covid.cdc.gov/covid-data-tracker/#trends_dailycases
Sherlock enters the chat...
It is not PC for them to pull their heads out of the sand.
To ask the obvious question, why was this not a thing at the start of 2021 after a year of lockdowns but only a thing at start of 2022 after the first year of jabs?
Going forward, those that retired instead of dealing with the mandates and lockdowns won't show up in the insurers' data which consists of working individuals on group plans.
“Covid is over, which is why the media and Brandon need Putin to blame everything on now.”
And a little wag the dog isn’t bad for business with the mid terms approaching. I fear these idiots will blunder us into a hot war.
Oh, no, no, no. Couldn’t be.
They are however apparently seeing a stark rise in major strokes because of previous mini-strokes that went untreated, for example:
They claim we’ll be seeing further rises in heart attacks and advanced cancer for the same reason.
If this is true, e.g. dismissing any impact whatsoever from the virus or the ‘vaccines’, then it is evidence of the appalling state of health in this country I’ve been drumbeating for nearly 10 years.
And that’s AFTER the deaths of nearly a million, mostly sickly Americans at the hands of the tyrants’ servants.
Courant is MSM out of the insurance capital !!
“Among the non-coronavirus-specific claims are deaths from heart and circulatory issues and neurological disorders,”
Can’t mention the shots eventhough these side effects are heavily represented in th VAERS data.
Industry executives and actuaries believe many of these other fatalities are tied to delays in medical care as a result of lockdowns in 2020, and then, later, people’s fears of seeking out treatment and trouble lining up appointments.
++++++++++
This would be the “best case” scenario for them & is the “public face” they’re putting on what could be a “COVID 19 injection” disaster that is ramping up. Some ‘re-insurance’ to offload risk is happening. It’s a very interesting situation. Wall Street is catching on that there was fraud in the trials ... Moderna stock is dropping & Pfizer is bobbing up/down, sort of like a drowning person flailing & grabbing gulps of air. The Big Boys are going to end up in a battle: Big Pharma vs Big Insurance. Smart money is on Big Insurance. (Source: Edward Dowd - his analysis/data is fascinating)
Compare the COVID death rate to almost any other country on the planet. It’s abysmal.
It’s much, much more complicated than that. The ‘vaccines’ are merely a new phase of what’s been ongoing for decades.
I don’t believe that we’ll see the effects of the jabs for at least a year or two. This whole ‘V-AIDS’ thing is poppycock (at least right now).
They've blundered everything they touched, that won't change. Maybe I should by a few months of food from Patriot supply and be prepared if Brandon can't prepare us.
The commie cure has been far worse than the sickness.
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