X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

XL Group’s chief executive says Superstorm Sandy will not be a capital event for the insurance industry, but he does think it will change the industry’s perception of risk.

“When this is all said and done, I don’t think any of us are going to feel that people were as well insured as they could have been,” says CEO Michael S. McGavick, speaking Nov. 5 during a conference call to discuss the insurer’s third-quarter earnings. He adds that several elected officials have admitted the region was not as prepared for the massive storm as it could have been either.

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

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

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

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.