Financial Services Industry
Industry: Email Alert RSS FeedRisk-based capital to shore up industry: experts. (speakers at Casualty Actuarial Society meeting in Arlington, Virginia) (Section II: Property & Casualty Premium Rankings)
National Underwriter Property & Casualty-Risk & Benefits Management, June, 1992 by Mulcahy, Colleen
CHICAGO--Timely implementation of reasonable risk-based capital standards could help shore up financial regulation of the insurance industry, level the competitive playing field and bolster the confidence of the investment community in property-casualty companies, noted speakers at a recent meeting of the Casualty Actuarial Society, based in Arlington, Va.
As it stands today, the pc industry "is a sick business. It's the sickest I've ever seen it. Some of what is going on is absolute lunacy," commented Myron Picoult, managing director with the New York-based brokerage house Oppenheimer, Inc. He warned that some carriers are manipulating their financial results to improve the look of their bottomline. As a result, the investment community is frustrated and...
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