While it is rare for the property-casualty insurance industry to mount a united front on almost any controversy, conflict within the business was particularly harsh this year on a number of major public policy debates.Lets start with the split over a long-term response to catastrophe threats.
After back-to-back years of record hurricane losses, Allstate helped launch a high-profile campaign--ProtectingAmerica.org--with the goal of establishing a national safety net of some sort.
"There's a lot more agreement within the industry than people think," according to Tom Wilson, president and chief operating officer of Allstate Corp. He cited consensus on the need for improved building codes that are vigorously enforced, as well as an end to rate suppression so that the price of insurance accurately reflects the risk being taken.
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