'Absolutely pitiful' pricing hurts industry, analyst says. (property and casualty insurance industry, Oppenheimer and Co. Managing Director Myron M. ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 10, 1993. The length of the article is 714 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Oppenheimer and Co Managing Dir Myron M. Picoult believes that an 'absolutely pitiful' pricing environment, the lack of investment income growth and inadequate reserves will keep the property and casualty industry in the worst economic position it has occupied in the last 27 years. Speaking at the Alliance of American Insurers annual meeting, Picoult blamed the $15.5 billion losses from Hurricane Andrew, company management, regulators, rating agencies and accountants for the economic weakness of the industry.

Citation Details
Title: 'Absolutely pitiful' pricing hurts industry, analyst says. (property and casualty insurance industry, Oppenheimer and Co. Managing Director Myron M. Picoult)
Author: Alfred G. Haggerty
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 10, 1993
Publisher: The National Underwriter Company
Issue: n19 Page: p2(2)

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