Business plans are an essential component in the development of new specialty insurance businesses, although one might draw a different conclusion reading a recent post by one of my favorite bloggers (see here). Guy Kawasaki (infamous hockey player and well known author VC) cites a Wall Street Journal article based on a study by Babson College (the article and the study are linked on Guy’s blog), which found:The analysis revealed that there was no difference between the performance of new...