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Article: Foreign insurer invasion in U.S. likely, Lloyd's says.
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- October 28, 1991
- Author:
CopyrightCOPYRIGHT 1991 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Foreign Insurer Invasion In U.S. Likely, Lloyd's Says
WHITE SULPHUR SPRINGS, W. Va.--The U.S. insurance industry could end up "following the American automobile and electronics industries down the road to domination by Europeans and the Japanese," according to Lloyd's of London Chairman David Coleridge.
"The U.S. insurance industry must look very carefully at its present position, or all that will be left of it will be the dust that hangs in the air after a great industry has galloped off down the road of history," said Mr. Coleridge, speaking at the joint annual meeting of the National Association of Casualty & Surety Agents and the National Association ...