The insurance industry is expected to see its strongest growth since 2004, according to one industry economist—but he adds that the good news is moderated by consistent large underwriting losses.

Speaking at the International Association of Claims Professionals New York Conference May 31, Steven Weisbart, the Insurance Information Institute’s (I.I.I.) senior vice president and chief economist, told attendees  that “the economic picture is brightening” and the industry is “not too far away from reaching a hard market.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.