New York==The insurance industry's resources will be strained by the recent onslaught of significant natural catastrophic losses, but it will successfully rebound and be reinvigorated by these events, the chief executive of Aon Corporation suggested.
Speaking before members of the New York Chapter of the Risk and Insurance Management Society, Inc., here today, Gregory C. Case, president and chief executive officer of the Chicago-based insurance broker, stressed there is much concern among insurers about the catastrophes, and Rita is compounding the problem.
Last week, while visiting insurers in Monte Carlo during the Rendez-Vous de Septembre, he said there was a lot of talk about the effects of Katrina.
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