Bloomberg Rebuttal

I.I.I. president Dr. Robert Hartwig has sent a detailed rebuttal to  the September 2007 Bloomberg Markets cover story that claimed that insurers use secret tactics to avoid paying claims. In  I.I.I.’s response, Dr. Hartwig notes that the article’s premise and facts were unsound and that the insurance industry has an excellent claims-paying track record. Dr. Hartwig also notes that property/casualty insurers annually pay out hundreds of billions of dollars on tens of millions of claims. See the August 15 I.I.I. letter.

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