Kearney Says P&C Industry Could Save $30B / Year

Consulting firm A.T. Kearney says the U.S. property and casualty (P&C) insurance industry -- suffering from sagging investment returns and unprecedented claims from the September 11 terrorist attacks -- could save $30 billion annually through aggressive transformation of the way it processes insurance claims, according to global management, a subsidiary of global services leader EDS. A.T. Kearney conducted the analysis following its effort to assess the impact of the attacks on the insurance sector as part of the New York City Partnership's Economic Impact Study. The analysis indicates insur...