Washington
Out of all the economic problems facing insurers and their agents these days–with layoffs mounting, businesses closing and investment income deteriorating–the prospect of runaway inflation spurred by massive government spending is the biggest long-term threat, top CEOs warned during a panel here in the nation's capital.
Ted Kelly, chair, president and chief executive officer of Liberty Mutual, led the brigade of carriers warning about the fallout from the Obama administration's massive economic stimulus package and soaring federal deficits.
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