Propertycasulaty insurers got some more bad news this morning, this time from Ernst & Young, which predicted their ongoing struggle to succeed against a tide of further economic ills.
But along with the challenging predictions, the consulting firm offers some advice. According to the consulting firm’s new Property-Casualty Insurance Industry Outlook, P&C carriers will operate in a low premium growth environment throughout the year, adversely affecting insurer profitability and resulting in the fifth consecutive year of negative performance.
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