In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results dampened by catastrophes, auto losses, and interest rates; and Republicans trying to undo the Affordable Care Act and Dodd-Frank.
There were a few big individual stories. This year’s included AIG trying to regain its footing and ward off activist investors; Hank Greenberg in court battling the terms of the 2008 bailout of AIG and defending himself in a decades-old reinsurance fraud case; MetLife trying to shed its systemically important designation, and Hulk Hogan’s privacy lawsuit and settlement over a sex tape.
