Summary
The insurance business is unlike any other enterprise. Insurance is irretrievably linked to risk faced by every other aspect of life and commerce. But the insurance business has been resilient and adjusted to the variety of needs of its customers, large and small, often with creative ideas that anticipate exposures and innovations. Looking to the immediate and longer-term, the insurance industry -- and that certainly includes the very influential producer groups -- should consider making demands for construction mandates, not only in the public interest, but in their own, to keep affordable rates and acceptable loss ratios, to say nothing of saving lives and minimizing suffering. For some years, information technology has been catapulting relationships toward astounding levels. It is important to note while viewing the future, that the once highly touted boast that the US was the paragon in all things insurance and the world technology leader, may, in the not too distant future, be open to serious challenge.
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Extract
Beyond Tomorrow-the 'What If?'
No matter how one massages the crystal ball, the future is not within any one's certain grasp. But that doesn't mean it should not be contemplated and envisioned so that future directions are on the shelf to be put in place as needed. Of course, changes usually come gradually, as they mostly have up to now, but we are reaching a time where the past may no longer be prologue. Part of the reason is "The World Is Flat" as Tom Friedman, New York Times columnist, puts it in his recently published book of that name.
That's obviously not a physical reference to the shape of the earth, but rather a suggesti...See the full content of this document
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