Uncertain Times: Economic and Insurance Industry Outlook for 2014 and Beyond

Uncertain Times: Economic and Insurance Industry Outlook for 2014 and Beyond

Dr. Robert P. Hartwig, CPCU
July 30, 2014

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the AEGIS 2014 policyholders’ conference, begins with a property/casualty (P/C) insurance industry financial update that notes that while 2013 saw a welcome respite from near-record catastrophe activity it is too soon to predict if the same will be true this year. A lengthy update on U.S. and world catastrophe losses reports that increasingly extreme weather, including the polar vortex and wildfires, has proven costly to utilities and insurers alike. A section on energy notes that the U.S. is becoming a powerhouse in the sector, which will fuel P/C exposures.

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