Industry Hammered By Storms, Spitzer, But Overall Market Remains Rational

"Record catastrophe losses, probes put major players on the hot seat"

December 19, 2005
By Sam Friedman
National Underwriter P&C

"One of America’s great philosophers, former Yankee catcher Yogi Berra, commenting on how life’s twists and turns keep repeating themselves, observed: 'It’s déjà vu all over again!' Insurers, producers and risk managers could certainly relate to that bit of homespun wisdom as they review their respective fates in 2005..."