74 percent said premium growth will be higher in 2013; 21 percent said it will remain flat; 5 percent said it will be lower, according to a survey of 95 P&C insurance executives conducted by the Insurance Information Institute (I.I.I.).
These high expectations come despite the fact that respondents believe Washington’s ongoing budget battles will have a negative impact on the U.S. economy; yet, 23 percent said the U.S. economy is “on the right track” for the New Year. In addition, 74 percent said the federal government would like to expand its regulatory oversight of the insurance industry.
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