An Indiana insurance executive dropped a bombshell statistic during an end-of-year virtual news conference, reporting a “stunning” 40% increase in the death rate among 18- to 64-year-old adults compared to pre-pandemic levels.
During the same call, OneAmerica’s CEO Scott Davison also described a major uptick in both short- and long-term disability claims.
The insurance executive rated the extraordinarily high death rate as “the highest … we have seen in the history of this business,” adding the trend is “consistent across every player in that business.”
To further underscore the import of his statements, Davison said, “Just to give you an idea of how bad [40%] is, a … one-in-200 catastrophe would be a 10% increase over pre-pandemic. So 40% is just unheard of.”
Contrary to what the public might assume — given the media’s unremitting coverage of COVID-19 — Davison reported most of the death claims listed causes of death other than COVID.
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