Back on Jan. 1, I peered into my crystal ball for the likelyTop-10 Property-Casualty Insurance Stories of 2007. Before youcheck out my actual Top-10 (see this week's cover story), let's seehow my predictions panned out.

1 TRIA Renewed! I thought this was a no-brainer, but once againrenewal of the federal terrorism reinsurance program went down tothe wire. Still, the industry and risk managers have to be happythat in the end, the Terrorism Risk Insurance Act was renewed forseven years, and not the three-year extension I predicted.

2 Look Out Below On Prices! I nailed this one! I expected anaccelerating soft market in most lines, but said the bottom wouldnot drop out yet. Bingo! Give credit to underwriters for keepingthe market rational. I warned, however, that "all bets are off" for2008 if carriers enjoyed another cat-free year--which they did.

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