Search
 

Mutual Insurers Addressing Trying Challenges With Healthy Attitude

To say the past few years have been a challenge for mutual insurers would be an understatement with as theyve dealt with an almost decade long soft market, a prolong economic downturn and record catastrophe numbers this year.

By Mark E. Ruquet | Updated on September 16, 2011

To say the past few years have been a challenge for mutual insurers would be an understatement as they have dealt with an almost decade-long soft market, a prolonged economic downturn and record catastrophe claims in 2011.

“It’s been a heck of a year,” confesses Charles M. Chamness, the president and CEO of the National Association of Mutual Insurance Cos. (NAMIC).

As NAMIC gathers for its 116th annual meeting in Indianapolis Sept. 18-21, Chamness says the combination of record winter storms, tornadoes and other extreme weather events this year have kept members busy paying claims. Add to that the onset of the hurricane season, and it has been a very trying year.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.