Search
 
Commentary

Insurers A Victim Of Their Own Success

Head's up, insurers! You're going to have a ton of explaining to do if another monster hurricane or terrorist attack doesn't come along to wipe ...

By Staff Writer | Updated on October 16, 2006

Head’s up, insurers! You’re going to have a ton of explaining to do if another monster hurricane or terrorist attack doesn’t come along to wipe out tens of billions of your premium dollars. The stage was already set this weekend, when The New York Times ran a story, headlined “Earnings For Insurers Soaring,” which reports to the general public what the industry itself has known for quite awhile now–that “insurance companies are expecting record profits in 2006 after predictions of another year of devastating hurricanes have so far come to naught.”

Do insurers need to apologize for making money, especially since profits were sky-high for 2005 even after last year’s record hurricane losses? Certainly not. It’s the job of underwriters, after all, to write at a profit.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.