NEW YORK—The U.S. property/casualty insurance industry is in the early stages of a hard market, according to a survey of industry executives released Wednesday by the Insurance Information Institute Inc.
In fact, 72% of the attendees who responded to the survey at the Property/Casualty Insurance Joint Industry Forum this week in New York said the industry is in the early stages of a hard market, while only 28% said it is not. In addition, 75% of the respondents said they expect an improvement in profitability.But the projected improvement will not occur across the board. W Read more…





In the case of US Airways Flight 1549, now known as the Miracle on the Hudson, Captain Chelsey Sullenberger and his crew managed to avert disaster by affecting a water landing; however, one outcome of that event was the fact that many passengers were ill equipped to handle an air emergency.
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