This was a hot topic discussion on this forum earlier this year.
http://www.nytimes.com/2013/07/08/u...it-hurdle-on-insurance.html?hp&pagewanted=all
Looks like the actuaries have spoken.
http://www.nytimes.com/2013/07/08/u...it-hurdle-on-insurance.html?hp&pagewanted=all
Looks like the actuaries have spoken.