HENDERSON, Nev.–Insurance executives at a conference here said that their sector faces uncharted waters next year dealing with declining rates, an economic downturn, tight credit markets and efforts to increase regulation of their industry.
George A Steadman III, chairman of the Council of Insurance Agents & Brokers, addressing attendees at the CIAB's annual Insurance Leadership Forum (ILF) held here said one thing to come out of the current financial crisis will be more attention to the regulation of insurance.
Mr. Steadman, president and chief operating officer of the insurance brokerage firm Rutherfoord in Roanoke, Va., said the increased focus on regulation will come as legislators and regulators seek ways to ensure the financial services industry does not fall into a subprime market crisis again.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
