P&C Insurers Post $1.3B Loss For 1Q
NU Online News Service, June 29, 1:03 p.m. EDT
Excerpts:
“The bottom line is that the impact of the current financial crisis on p&c insurance, as bad as it is, in not even remotely close to impacts experienced during the Great Depression,” said Mr. Hartwig.
“While insurers remain cautious about the economy and financial market conditions, there is guarded optimism that both will continue to improve as we move into the second half of 2009,” Mr. Hartwig observed. “Fundamentally, the property and casualty insurance industry remains quite strong financially, with capital adequacy ratios remaining high relative to long-term historical averages.”
Read Full Article: http://www.property-casualty.com/News/2009/6/Pages/PC-Insurers-Post-13B-Loss-For-1Q.aspx
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
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