P/C Insurance Growth May Continue Through 2011

It is now quite likely that the U.S. property/casualty insurance industry will show two consecutive years of positive premium growth (2010 and 2011) – for the first time since 2005 and 2006, according to I.I.I. president Dr. Robert Hartwig. Dr. Hartwig made the prediction in his commentary on the industry’s 2010 year-end results. Positive premium growth for the year – at 0.9 percent – is the first since 2006 and confirms that the era of mass exposure destruction in the property/casualty insurance industry is finally over, with demand for insurance now beginning to stabilize and recover in the aftermath of the “Great Recession.”…