P/C Company Insolvencies – Retrospective Test

By Joseph L. Petrelli

When the Sept. 10, 2011 issue of the Insurance Journal carried Demotech’s prediction on the maximum number of insolvencies that would occur in the property/casualty industry over the period June 2002 through Dec. 31, 2002, who would have speculated that Sept. 11, 2001, would be one of the darkest days in American history?

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