National News
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Insurers' Income, Surplus Rise Despite Record Catastrophe Losses
National News • December 28, 2005
The U.S. property/casualty insurance industry's net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting ...
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| Subject | Posted By | Posted On |
|---|---|---|
| what's wrong with profit? | LL | Jan 3, 2006, 9:36 pm |
| interesting points | Johnny | Dec 30, 2005, 8:00 am |
| RE: Increase in Insurers Income and Surplus | Roger Poe | Dec 29, 2005, 5:15 pm |
| Increase in Insurers Income and Surplus | Southern Gent | Dec 29, 2005, 2:35 pm |
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Subject: Increase in Insurers Income and Surplus
Is this the reason for Mr. Michael Cherkasky's (Pres/CEO Marsh) warning that price increases are on the way?
If his "warning" isn't self serving to increase Marsh's commission income what is?
If this "warning" sounds familiar-remember when immediately after hurricane Andrew did its devastation to south Florida, the calculating Jeffrey Greenberg passed around his internal memo to AIG offices to raise rates in Florida?
Shame on Michael and Jeffrey.
What a business!