New York–A survey by Standard & Poor's has found that most insurance executives and analysts see New York Attorney General Eliot Spitzer in a positive light, saying that his investigations of their industry will improve it.
The survey, conducted at S&P's annual insurance conference in New York titled "Insurance 2005: Under the Microscope," found that 75 percent of 100 executives and analysts who partook in the poll believe Mr. Spitzer's probes will "help the industry in the long-run."
Commenting on the result, S&P's Managing Director Steve Dreyer said it's becoming apparent to many insurance participants that the costs of fines and settlements from industry-wide probes will be manageable, and that these probes will likely bring about positive changes.
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