CPD from the school of Spitzer

The festive season promises to bring some much-needed light relief for the industry, from mulling ov...

The festive season promises to bring some much-needed light relief for the industry, from mulling over the implications of Spitzer, the impending switch-on of state regulation and where rate softening will end. But, before raiding the hamper to briefly escape such things, it should be remembered that the industry has seen some encouraging developments during 2004.

While rates have generally softened this year, 2004 saw the industry continue to enjoy profitability. And there are several factors

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