Insurance companies to suffer amid US crisis?
by: Christine Zafra
News have been spread that U.S. is presently undergoing some economic problems. But these said economic problems will not have a strong impact on property/casualty insurers, this is what Dr. Robert P. Hartwig, president of the Insurance Information Insitute (I.I.I.) had predicted. As of now, property insurance companies are in good track compared to banks. Even though this industry never encompassed the profitability benchmark during its peak years, it will survive the economic problems of U.S. Unlike bank accounts/loans, insurance policies such as property/casualty policy and workers’ compensation are required and are renewable, thus, helping companies regulate the flow of revenue.
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