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Taking stock: Will it really be different this underwriting cycle? Market signs, old lines offering cause for cynicism.(News)
From: Business Insurance
Date: 20040301
Author:Myron, Picoult M.
Byline: Myron M. Picoult
"The Devil's Dictionary,'' by Ambrose Bierce, defines a cynic as "a blackguard whose faulty vision sees things as they are, not as they ought to be. Hence, the custom among the Scythians of plucking out a cynic's eyes to improve his vision.''
After watching the ebbs and flows of the property/casualty business for some 38 years, it is difficult not to be a cynic.
Some industry observers and some insurance company executives argue that the path of the current underwriting cycle will be more tempered than the wild swings of relatively recent past ...
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