The Sound Business Sense of Crawford & Company (CRD-B)
Insurance is a durable business. No professional enterprise can do without it, in good times and bad. Insurance is also a vital form of security for stock investors. There are abundant and compelling reasons to favor stocks in the insurance business when markets are depressed, under cost pressures, or with uncertain demand trends. Insurance spawns other enterprises, just like most industries. The entities from which retail customers buy insurance are reluctant to take full risks on their own shoulders. There are other financial benefits in reinsurance as well. However, the reinsurance industry is subject to the kinds of derivative risks…