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Study: P/C Execs Find It Difficult to Determine Priorities

National News • January 18, 2005
Complex and challenging factors have been largely responsible for the high level of uncertainty faced by property and casualty insurers. According to a new survey, given this environment, P/C ...

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Subject: RE: Insurance Executives lost priorities

Posted On: January 20, 2005, 7:09 am CST
Posted By: Steve
Comment:
I agree. Treating insurance as a commodity stems from from using a manufacturing model to measure performance even though insurance is a service industry. In addition, the need for adequate pricing always gets lost when executives concentrate on growth. Using price to get a bigger piece of the pie cannot sustain growth where there is limited capacity. Everyone gives lip service to "responsible" pricing but it really is not the norm. "Those who do not learn from the past are condemned to repeat it". So get ready for a softer market and more poor performance. Let the hand wringing continue!
Subject Posted By Posted On
RE: Insurance Executives lost priorities Steve
Jan 20, 2005, 7:09 am
Insurance Executives lost priorities Jimbo
Jan 19, 2005, 1:47 pm
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