A recent survey by Standard & Poor's found that mostinsurance executives and analysts see New York Attorney GeneralEliot Spitzer in a positive light, saying that his investigationsof their industry will improve it.
The survey, conducted at S&P's annual insurance conferencein New York last month, found that 75 percent of 100 executives andanalysts who took part in the poll believe Mr. Spitzer's probeswill “help the industry in the long run.”
Commenting on the result, S&P Managing Director Steve Dreyersaid it's becoming apparent to many insurance participants that thecosts of fines and settlements from industrywide probes will bemanageable, and that these probes will likely bring about positivechanges.
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