With the amount of money generated by the insurance industry and the fact that its obligations are subject to legal interpretationoften during high-profile court battlesthere is never a shortage of controversy in this business. Thats good news for a newspaperman like myself. What were my picks for Top 10 Property-Casualty Insurance Stories of 2007? Click on to read 'em and weep.
The accompanying list of top stories for 2007 is totally subjective. Indeed, if you feel Ive overlooked a key development, write and tell me so on the comment section below.
Its hard not to tap the soft market as the years top story, since falling prices have such an impact on everyones bottom linewhether you are a buyer, seller or distributor. Going forward, the rising limits, broader coverage and looser conditions offered to attract business will also take their toll on the industrys fortunes.
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