The limitation of debt and restoring consumer confidence in insurance companies
The limitation of debts, companies may solvency and restoring consumer confidence in explaining how the mechanism of insurance are the main challenges facing the industry during the year 1991, after two panels of the annual fourth Joint Conference of the industry in New York during the last month.
The conference, sponsored by the Insurance Information Institute (III), Insurance Services Office (ISO) and the American Insurance Association (AIA), the annual meeting of the three organizations.
The first panel, devoted to the question of capacity to pay was agreed that the industry is not the “next savings and credit to the crisis”, as suggested by some that the vast majority of insurers are financially sound.
Still, legislation on the creation of a “national or other forms of participatory Agency” to monitor the industry’s ability to pay was a “top priority
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