As long as regulators and securities action filings remain active, underwriters are willing to compete in this line. Price wars show no sign of letting up as attractive loss ratios lure new players.
In the age of mass media and mega insurance events, the industry has had a staunch advocate in I.I.I.s Hartwig. He shares his thoughts with PC360 as he moves on to academia.
After several seasons free of major catastrophes, here a gut-check on whether property and casualty insurers expect a pendulum swing and how they would respond.