NU Online News Service, Nov. 29, 12:54 p.m. EST
Europe's sovereign debt crisis could have a negative impact on the U.S. property and casualty industry's ability to change the course of the soft market should the economy fall into another recession, an industry consultant says.
In a commentary on the current state of the insurance marketplace, Charles Ruoff, president of CR Market Strategies Inc., says recessions have historically put a damper on the industry's ability to “alter the direction of soft market cycles on itsown initiative.”
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