The 10 most stupid insurance decisions
What are the 10 biggest bloopers committed by the industry? Tony Cornell gives us his top 10 insurance calamities
Over my time in the industry, there have been a number of decisions that in hindsight have been wrong and in some cases totally stupid. Of course it is easy to judge after the event, but some show such a lack of foresight and judgement that they have to be categorised as major bloopers. Some have had a cataclysmic effect on the insurance market and even beyond our own industry.
* Guaranteeing the value of property. The industry did this in the UK for many years as part of our close relationship
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