I had a feeling I was in for an interesting day when I was almost run over by a herd of camels while crossing Rockefeller Center yesterday on my way to National Underwriter's 20th Annual Executive Conference for the Property-Casualty Industry. Read on for a recap of some of the highlights.
Frankly, I never thought I would see camels strolling a block from where workers were busy decorating the Rockefeller Center holiday tree. (Their handlers explained the camels were getting some fresh air and exercise while preparing for their next Christmas Spectacular performance at Radio City Music Hall.)
But then again, I never thought I would see American International Group owned by we, the taxpayers, after Uncle Sam laid out $150 billion in financial commitments. Or that The Hartford and a host of other insurance entities–almost all on the life side of the busienss, by the way–would be racing to get their hands on a thrift so that they, too, could qualify for a piece of the bailout pie.
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