A recent survey by Standard & Poor's 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 last month, found that 75 percent of 100 executives and analysts who took part in the poll believe Mr. Spitzer's probes will “help the industry in the long run.”
Commenting on the result, S&P Managing Director Steve Dreyer said it's becoming apparent to many insurance participants that the costs of fines and settlements from industrywide probes will be manageable, and that these probes will likely bring about positive changes.
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