XL Capital president and chief executive officer Brian O'Hara told a group at the Association of Insurance and Financial Analyst's conference in Scottsdale, Arizona, that more insurance companies are likely to collapse in the coming months and that will drive premiums higher, and that the California worker's compensation market will continue to deteriorate.Pointing to Kemper's recent bad financial news and the company's decision to get out of underwriting, O'Hara said the current insurance cycle is a "work in progress" and that the bottom of the cycle has not yet been reached. He expects more ...
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