Analyst: Bush Best For P-C, Kerry For Life
NU Online News Service, Nov. 2, 3:30 p.m. EST?As millions of voters line up at ballot boxes in one of the most hotly contested U.S. Presidential elections in history, one industry analyst is forecasting that overall, a second Bush term would benefit property-casualty insurers more, while a Kerry win would be more helpful to life insurers.[@@]
According to Brian Gardner, analyst at investment bank Keefe, Bruyette & Woods, p-c insurers stand to gain more from a George W. Bush victory, to the extent that asbestos litigation reform is more likely to be passed in a Bush administration than in a Kerry administration. Although Mr. Gardner acknowledged that the asbestos reform is "event driven" and could also be addressed in a Kerry administration, he nonetheless added that he feels "the terms of a bill would benefit insurers more if Bush is elected rather than if Kerry is elected."
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