Fighting against the tide.
The industry is knee-deep dealing with the tidal wave of claims following September 11 and in trying to convince the Inland Revenue that reserves are not merely hidden profits.
The consequences for the insurance industry of the the World TradeCenter tragedy are becoming clearer and the industry is beginning to set
out an interesting political agenda in response.
While, as the Association of British Insurers keeps reminding us, very few
UK insurers are directly affected by the claims from the destruction of
the twin towers, all are caught up in the backwash of the tidal wave of
claims.
This backwash is currently surging through the reinsurance markets and
will have a
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