Insurance industry leaders expect more investigations.Leaders of the property/casualty insurance industry expect state attorneys general and insurance departments will expand their investigations into certain industry practices, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey by the Insurance Information Institute at its ninth annual Property/Casualty Insurance Joint Industry Forum. About 92% of executives in the property/casualty industry are convinced investigations will expand, and 67% of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. thought that most companies will be able to settle charges against them this year. Insurance leaders were split as to whether the industry's financial performance would continue to improve in the year ahead. About 57% said they expect 2005 to be more profitable than last year, as measured by the combined ratio, a percentage of each premium dollar a property/casualty insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. spends on claims and expenses. The combined ratio for 2004 is estimated at 97. Asked if insurers thought the property/casualty commercial market would soften significantly in 2005, 53% thought it would not. About 63% of insurers thought the personal lines market would not soften. "The historically low interest rate phenomenon is over," Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Hartwig, senior vice president and chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the of the Institute, said in a statement. "Market forces and the Federal Reserve are jointly forcing rates upward. If rate increases occur gradually grad·u·al adj. Advancing or progressing by regular or continuous degrees: gradual erosion; a gradual slope. n. Roman Catholic Church 1. , then this will ultimately increase insurer earnings on their investment portfolios." |
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