Leaders of the property-casualty industry are overwhelmingly confident insurers will prevail on hurricane-related challenges to the flood exclusion, but at least half are still looking over their shoulders in expectation of additional fallout from regulatory probes.
Those were two of the key revelations in a poll taken at the sector's annual family reunion–the P-C Insurance Joint Industry Forum, bringing together company association officials and major CEOs. Of the 100 industry top dogs responding:
o Only about half said “investigations into certain industry practices by state attorneys general and insurance departments are mostly wrapped-up.”
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