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Democratic Congress Not Necessarily Bad for Industry, Says PIA

National News • November 9, 2006
The new Congress will alter the insurance agenda on Capitol Hill, but losses for the industry are not a foregone conclusion. That's the after-the-election take by the National Association of ...

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Subject: RE: RE: Wishful Thinking

Posted On: November 9, 2006, 1:37 pm CST
Posted By: Been here before
Comment:
This new congress should be very interesting as they help to form our macro-economic environment over the next session. Our customers (end-users) have enjoyed a soft market for the last few years. What will happen when the Congress takes away or greatly diminishes the tax breaks the insurance companies have enjoyed over the last few years? What will happen when the investment income that insurance companies have enjoyed heads south? Will the insurance companies then return to pure underwriting rather than underwriting with a heavy emphasis more on cash flow than underwriting profit? If we return to a hard market are you agents ready?
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