Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute at its 17th annual Property/Casualty Insurance Joint Industry Forum, held in New York on Jan. 15.
Ninety-five percent of executives in the property/casualty industry believe this is so. In addition, 74 percent of leaders think the federal government is interested in further expanding its regulatory oversight of insurers.
With the budget mess, only 23 percent of executives in the property/casualty industry believe the U.S. economy for the New Year is finally
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