Yesterday, we presented a light-hearted take on what's in store for the property and casualty insurance industry for the year ahead. Today, we'll get more serious, with two senior editors of National Underwriter—Managing Editor Susanne Sclafane and Washington Editor Arthur "David" Postal—weighing on likely developments in Washington and the prospects for a market turn in 2011.
First up is David, who offers some pessimistic predictions about the fate of the National Flood Insurance Program and other issues that will make their way to Congress.
"Congressional activities will be moderate, but Santa is unlikely to be able to give the insurance industry the gifts it dreams of having under its tree at the end of 2011," he predicts.
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