Dr. Robert Hartwig of the Insurance Information Institute recently gave an interview to Insurance Journal on the US property and casualty industry’s 2005 results, and made a few predictions about this year. According to Hartwig, 2005 will deliver a combined ratio of 99%, a surprisingly strong result given the impact of the four hurricanes. The weather had a huge effect on results; after stripping out extra-ordinary events, the industry actually would have had a combined ratio of in the 80’s. (However, there are always extra-ordinary results, so I’m not sure what stripping them out does
Jan
26
