Property & Casualty Insurance in the Era of Mega-Catastrophes: Focus on Michigan Markets

This PowerPoint report, presented by Steven Weisbart, senior vice president and chief economist of the Insurance Information Institute, before the Greater Detroit CPCU chapter’s I-Day, provides an overview of the U.S. economic environment, with a focus on Michigan markets. Following an opening section providing an overview of the overall direct p/c insurance industry, the presentation displays return-on-net-worth data for Michigan and neighboring states. It then reviews national economic influences of personal and commercial lines, discusses the effects of catastrophic events on insured and economic loss trends, and ends with an analysis of the recent investment climate and insurer investment reactions to it.