My heart is with you, Sarah. However, note this from Dr. Hartwig regarding the first half of 2010, “Despite the minor dip in surplus during the second quarter, capacity remains at near all-time record highs. The bottom line is that the industry is extremely well capitalized and financially prepared to pay very large scale losses, if necessary. One commonly used measure of capital adequacy—the ratio of net premiums written to surplus—is at its strongest level in modern history.
Let’s see, soft market, low interest rates and low investment income = HARD MARKET at some point. Something has to give!
My heart is with you, Sarah. However, note this from Dr. Hartwig regarding the first half of 2010, “Despite the minor dip in surplus during the second quarter, capacity remains at near all-time record highs. The bottom line is that the industry is extremely well capitalized and financially prepared to pay very large scale losses, if necessary. One commonly used measure of capital adequacy—the ratio of net premiums written to surplus—is at its strongest level in modern history.