NEW YORK--Property-casualty insurers with simple management strategies weathered 2008 economic troubles better than carriers who branched out into other financial services sectors, industry experts said yesterday.
Speaking at the Property/Casualty Insurance Joint Industry Forum, sponsored by 16 p-c insurance trade associations, a panel of professionals in fields related to insurance said p-c insurers fared relatively well in 2008, especially compared to other financial services sectors.
The group, which included a regulator, disagreed on whether Congress will act to emplace federal regulation of insurers and offer them optional federal chartering.
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