Pogo was right: "We have met the enemy and he is us."

As Guy Carpenter recently noted,

The insurance industry remains diligent and cautious as they are cognizant that fortunes can change quickly. There remain a number of regulatory, legal and financial-related issues that could increase the frequency and severity of D&O losses. Of particular concern are continued increases in securities class action activity, corporate bankruptcies and bank failures.

The industry also remains focused on continued issues of subprime claim emergence.

But as the industry continues to focus on claims emanating from these past issues, there is an emerging issue that is still off the radar screen ? litigation surrounding cell tower placement in residential areas and on schools. Indeed, coming soon to a corner near where you work or live: cell towers.

Read More...
http://seekingalpha.com/article/191684-another-reason-to-be-cautious-on-insurance-stocks


Informant: Iris Atzmon/Mast Sanity/Mast Network



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