The Road Ahead in Texas: Challenges and Opportunities in the P/C Insurance Industry for 2011 and Beyond

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the 48th Annual Joe Vincent Management Seminar in Austin, Texas, offers an in-depth look at the challenges and opportunities that await the property/casualty (P/C) insurance industry in Texas and nationwide. The report provides a provides a growth and profitability analysis by line for Texas and nearby states. A P/C insurance industry overview and outlook of profitability, premium growth, capital and capacity, underwriting performance for commercial and personal lines, and investment are included, as is a financial strength overview for the entire industry. The shifting legal liability and tort environment is discussed, and the question of whether the tort pendulum is swinging against insurers is addressed, with the report listing the important issues and threats facing insurers over the next five years. The report includes an exposure analysis, focusing on where growth will come from after the Great Recession and crisis-driven exposure issues in personal and commercial lines. The presentation concludes with a review of catastrophe losses.