P&C Industry At Crossroads, PCI Exec Says

The property and casualty industry has been through tough economic times, a slow recovery and “unparalleled” government expansion, but has “weathered the economic storm,” an industry executive said here. “Over the past few years, we have been through a lot—as property and casualty insurers, as business leaders, as Americans,” said David Sampson, chief executive officer of Property Casualty Insurers Association of America (PCI), during his opening remarks addressed to insurance and reinsurance executives, consultants, advisors and modelers. Conference registration was said to be up more than 2 percent compared with last year.