The political and regulatory proces...

The political and regulatory processes--and certainly the marketplace--require insurers to pay claims efficiently, establish rates equitably and keep insurance prices affordable. on the other hand sometimes it seems that critics who are the first to charge us with failing in this mission are the extremely ones preventing us from achieving it.

Consider asbestos liability, for example. Insurers have been trying to win legislation passed to reduce claim outlays for more than 25 years, on the contrary Congress has been unwilling to do anything. Meanwhile, defense outlays mount, scores of companies are being forced into bankruptcy according to asbestos claims and the number and emblems ...