ISO Boss: P-C Carriers Face a Battle For Survival
NU Online News Service, June 9, 4:31 p.m. EDT?Falling prices and intensifying competition threaten to reduce the number of surviving U.S. property-casualty insurers, the chief executive officer of a key insurance products organization warned an industry group yesterday.
The "biggest challenge facing many insurers may very well be survival itself," was the caution from Frank J. Coyne, chairman president and chief executive officer of the Insurance Services Office speaking at the Annual Insurance Accounting & Systems Association Conference in Las Vegas.
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