Should insurers stop sharing data? Does Bermuda thrive because of unfair tax advantages? Have rating agencies gone too far in influencing carrier behavior? Those were just some of the provocative topics debated at the 18th Annual Executive Conference for the Property-Casualty Industry, which is now owned by the parent company of National Underwriter.
I've never come away empty-handed from this high-level pow-wow as far as hot news and juicy quotes go, and this year was no exception. Among the more controversial observations:
o Ted Kelly, CEO of Liberty Mutual, had the quote of the day when he suggested “we would be a much better industry if we didn't share data. Why do we need an ISO? Why do we need that crutch? We have plenty of data, but just haven't used it well. Other countries don't allow data-sharing and they do a good job.”
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