If 2016 could be called "The Year of the Unexpected" for so many reasons, thus far one could call 2017 "The Year of the Wild Card."
Investment returns, which have proven dismal for so long, could see a comeback over the next few years if President Trump's penchant for deregulation and "unshackling" big business becomes a reality.
It's getting hard to remember a time when returns were positive: The insurance industry has experienced a significant decline in its net investment income, which dropped from $31.6 billion in early 2015 to $26.5 billion in the first half of 2016.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
