Expectations for the Property & Casualty Insurance Industry in 2016
Posted on Jan 15, 2016 in Insurance Developments and Trends | Comments Off on Expectations for the Property & Casualty Insurance Industry in 2016
The Insurance Information Institute has released the results of a survey of property and casualty insurance industry leaders. A majority of executives anticipate no increase in profitability for workers compensation, personal auto, homeowners, or commercial lines in 2016. Rather, executives expect increased regulatory scrutiny and attempts by the federal government to expand its role in regulating insurers. According to the survey, cyber insurance is seen as a growth area for insurers.
