NU Online News Service, Jan. 14, 12:40 p.m. EST
A majority of industry leaders at the Property/Casualty Insurance Joint Industry Forum said they expect an improvement in personal auto and homeowners insurance profits this year, but many more believe improvements are not coming in workers’ compensation or commercial lines.
Nearly 60 percent of respondents to an Insurance Information Institute survey conducted at the event in New York City on Jan. 11 look forward to improved profits in auto, and 61 percent said the same for homeowners, but 86 percent do not see progress for workers’ comp and 76 percent don’t expect an increase in profits for commercial lines.
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