Washington
Although the CEOs of four top insurers are seeing some green shoots of economic improvement in areas like new housing starts, higher discretionary spending and gross domestic product growth, they predict a long, slow recovery and an ongoing soft insurance market that could extend well into the decade.
The executives–Safeco President Michael Hughes, CNA Chair and CEO Tom Motamed, Fireman's Fund President and CEO Michael LaRocco, and Hartford Chair and CEO Liam McGee–addressed a wide range of challenges facing insurers and their agents here during a panel discussion at the annual convention of the Independent Insurance Agents and Brokers of America.
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