Did you ever wish you could be a fly on the wall at a meeting of major insurance company CEOs? If so, this is your lucky day. Read on for some of the most provocative and insightful comments delivered at the recent 19th annual Property-Casualty Executive Conference in New York City, sponsored by the National Underwriter Company.
For example, participants at the opening CEO panel had much to say about the proposal by New York Insurance Superintendent Eric Dinallo to require property insurers in the state to set aside catastrophe reserves, regardless of the federal tax implications. (For further reaction, see the story on page 13.)
Edmund Kelly, chairman, president and CEO, Liberty Mutual Group:
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