NU Online News Service, June 11, 10:39 a.m. EDT

BROOKLYN, N.Y.–The only real way to test the effectiveness of an organization's enterprise risk management system is with real-life disasters, and on that score, property-casualty insurers passed with flying colors in 2008, according to analysts.

Speaking at the S&P 2009 Insurance Conference last week, investment analysts who research p-c insurance companies were highly upbeat when S&P Managing Director Mark Puccia asked how they evaluate ERM procedures for the companies they follow.

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