For now....
....These kinds of volcanic eruptions in insurance premiums have occurred three times in the last 30 years — in the mid 1970s, again in the mid-1980s, and then again following the year 2001. The cause is always the same: a severe drop in investment income for insurers compounded by underpricing in prior years. Each time, insurers and the health care industry have tried to cover up their mismanaged underwriting by blaming lawyers and the legal system.
No comments:
Post a Comment