Should insurers stop sharing data? Does Bermuda thrive becauseof unfair tax advantages? Have rating agencies gone too far ininfluencing carrier behavior? Those were just some of theprovocative topics debated at the 18th Annual Executive Conferencefor the Property-Casualty Industry, which is now owned by theparent company of National Underwriter.
I've never come away empty-handed from this high-level pow-wowas far as hot news and juicy quotes go, and this year was noexception. Among the more controversial observations:
o Ted Kelly, CEO of Liberty Mutual, had the quote of the daywhen he suggested “we would be a much better industry if we didn'tshare data. Why do we need an ISO? Why do we need that crutch? Wehave plenty of data, but just haven't used it well. Other countriesdon't allow data-sharing and they do a good job.”
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