Despite grand proposals from the various candidates that could impact the insurance business, the industry remains in "wait and see" mode as the presidential race kicks into high gear, hedging their bets with campaign contributions while keeping their options open and their expectations in check.
"At this point, it is not possible to predict with any degree of certainty who the nominee of either party will be, much less the specific policies he or she will pursue that relate to [property-casualty insurance]," said Patricia Borowski, senior vice president of the National Association of Professional Insurance Agents.
Based on political donations, the insurance industry appears to have cast its "vote" for Sen. Chris Dodd, D-Conn.
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