Reviewing Property and Casualty Industry Management Practices
The Financial Perspective
By Joseph L. Petrelli
Although no industry, or individual company, is insulated from the effects of an economic downturn, conservative companies that have demonstrated a consistent and long-term lower tolerance for investment risk, will likely fair better in difficult economic times. The Property and Casualty industry, with the exception of several publicly traded companies whose affiliated noninsurance entities have caused them to experience financial difficulties, has remained relatively stable and financially viable.