It’s no mean feat connecting the fortunes of the insurance industry with the economy at large. Yet, Robert Hartwig, president of the Insurance Information Institute and an insurance industry economist, gives it a go.
In a Web seminar, Hartwig surveyed the health of the insurance industry through the prism of macroeconomic events including the recently passed American Recovery and Reinvestment Act. Yet easy linkages are hard to come by, as Hartwig noted that the economy had been in recession for 14 months while insurers had been subject to a soft market for four years.
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