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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