Search
 

Selective CEO: Insurers Need Sustained Industry-Wide Increases

Selective Insurance Group CEO Gregory Murphy says the insurance industry needs to increase rates for as long as low interest rates continue to hurt investment yields.

By Mark E. Ruquet | Updated on April 26, 2013

Selective Insurance Group CEO Gregory Murphy says the insurance industry needs to increase rates for as long as low interest rates continue to hurt investment yields.

Murphy says during an earnings conference call that he expects the low interest rate environment to continue through 2014—which adversely affects insurers’ investment earnings. Reflecting on his 33-years of experience in the industry, Murphy says one has to go back to 1950 to find interest rates of comparable level as today.

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.