On Jan. 7, I peered into my crystal ball for the likely Top-10Property-Casualty Insurance Stories of 2008. Read on to see how mypredictions panned out, and feel free to comment.
#1–Hail To The New Chief!
While I consoled the industry that former trial attorney JohnEdwards would not be our next president, and I did predict aDemocrat would win, I expected Hillary Clinton to get the brassring, not Barack Obama. Either way, as I noted, health care reformwill now likely be a top story for 2009!
#2–Bottoms Up!
While analysts were pretty confident carriers would maintainunderwriting discipline and keep pricing rational, I was not,predicting price cuts to remain deep for all but cat-exposed risks.In fact, double-digit drops in rates were the rule rather than theexception.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
