Chicago — Despite taking a couple major body blows in the year past, the property/casualty business model remains strong going forward, said CEOs participating in a panel discussion at the 13th annual Property/Casualty Joint Industry Forum, held in New York. Dubbed the “View from the Inside Looking Out” and moderated by Dr. Robert Hartwig, president, Insurance Information Institute (I.I.I.), the discussion the examined how the financial crisis and natural catastrophes have shaped the industry.
“We had the double whammy in 2008,” said Charles (Chuck) Kavitsky, chairman, president and CEO of Novato, Calif.-based Allianz of America Corp. “Between the catastrophe issues that we had to deal with as well as what was happening in the financial markets, we had a pretty significant test and the industry did great.”
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