Homeowners insurers, after a mediocre performance during the past five years, can likely look forward to a series of challenges over the next few years from regulators and natural catastrophes, a research consulting firm said in a report.
The forecast came from Conning Research and Consulting of Hartford, Conn. which said that while the period 2003-2007 was very favorable, with an improvement for the homeowners insurance line, returns relative to risk still do not compare favorably with other major lines.
In addition, in looking ahead, "the uneasy state of the U.S. economy creates a series of challenges for homeowners insurers over the next several quarters and likely the next few years," said a statement from Alan Dobbins, analyst at Conning.
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