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Commercial P/C Premiums Drop, Underwriting Relaxes, Survey Finds

National News • April 23, 2007
Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting ...

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Subject: PC market

Posted On: April 23, 2007, 1:29 pm CDT
Posted By: Peter Polstein
Comment:
This is supply side economics in reverse, this marketplace is just plain nuts, has been for some twenty years, and it makes me seriously wonder whether it can survive it's own mistakes. These idiots use one years profits ( no cats, no kittens, no nothing ) and then project them towards some imaginary conclusion. Hell, the industry hasn't made a profit for over a decade and a half. Don't let, annual profits such as they are, when they are, take away the fact that trending and development of a given year, some three, five years out, provides a far different loss pic.

It's no wonder the Government wants to take over the industry, the problem is, they haven't figures out why!

Pete
Subject Posted By Posted On
RE: market Seen it all
Apr 24, 2007, 4:24 pm
market sold out
Apr 23, 2007, 8:58 pm
PC market Peter Polstein
Apr 23, 2007, 1:29 pm
Loosen? The pants are down around their ankles! Big Insurance
Apr 23, 2007, 1:06 pm
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