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.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access