One Giddy Groundhog

There is no truth to the rumor that I was approached about doing a remake of the movie “Groundhog Day,” only with an insurance theme this time–the tragic tale of a poor business journalist (yours truly) doomed to spend the rest of eternity watching the industry fall victim to the same hard market/soft market cycle time and time again.

While analysts queried by the Insurance Information Institute for its annual “Groundhog Day” forecast warn of a softening market for as far as the eye can see, we may very well be witnessing the birth of a new era in the property-casualty industry–the profitable downcycle!