One of the most fascinating takeaways from NU's Property-Casualty Executive Conference last week is the fact that contrary to conventional wisdom, the party controlling the White House has little or no effect on the industry's bottom-line profitability.
Indeed, for all those of you convinced that having Democrats running wild in Washington means the end of insurance industry profitability, take heart.
In fact, not only has the industry historically been just as profitable under Democratic administrations as they've been with Republicans controlling the government, but their most profitable year, believe it or not, came under President Jimmy Carter, with a return on equity of 16.4 percent!
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