Latest Moodys Headlines
All the headlines from our Moodys Topic Page, ordered by recency.
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting
Feb 23 2023 // The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits
Feb 7 2023 // Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time changing the company’s outlook to stable from...
Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding
Jan 25 2023 // Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Jan 10 2023 // Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency...
Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard
Dec 14 2022 // As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. After all, regulators are moving to enforce...
Global P/C Insurance Outlook Now Negative: Moody’s
Dec 6 2022 // High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative,...
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
Nov 10 2022 // A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial...
Moody’s: Environmental Considerations Increasingly Pressuring Issuers’ Credit Profiles
Nov 3 2022 // A Moody’s Investors Service Report shows that 16 sectors holding $4.3 trillion in rated debt are exposed to high or very high environmental credit risk. That’s more than twice as much as when the Paris...
Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales
Oct 26 2022 // Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from “ratings under review” amid concerns over the...
Top U.S. Homeowners Insurers Minimally Exposed to Losses from Ian: Moody’s
Oct 12 2022 // A report from Moody’s Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers have significantly reduced exposure in the Sunshine State throughout the...
Hospitals, Utilities Face Highest Exposure to Risk of Cyber Attacks: Moody’s
Sep 30 2022 // Around $22 trillion of global debt rated by Moody’s has a “high” or “very high” exposure to the risk of cyber attack, the ratings agency said in a report on Thursday, with hospitals and...
Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
Sep 15 2022 // With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody’s Investors Service announced a stable outlook for...
Markets/Coverages: AXIS Cyber and Liability Policy for SMBs; Moody’s ESG Underwriting Solution; CyberCube, AkinovA Partner on Cyber Analysis
Sep 8 2022 // AXIS Launches Streamlined Cyber and Liability Policy for Small and Mid-Sized Businesses AXIS Capital Holdings Limited said it launched an insurance policy that offers custom-built cyber and specialist liability coverage...
People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer
Aug 19 2022 // This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s
May 19 2022 // To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s...
Tesla, Other Car Makers Have Edge Over Incumbent Auto Insurers: Moody’s
Apr 4 2022 // Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said. In a report titled,...
Moody’s ESG Notes ‘Death and Destruction’ from Climate Change
Mar 17 2022 // A new report from Moody’s ESG Solutions drives home the point that climate change is here and now, and it is already causing death and destruction. The report from Natalie Ambrosio Preudhomme, assistant vice...
Tesla, Other Car Makers Have Edge Over Incumbent Auto Insurers: Moody’s
Mar 10 2022 // Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said. In a report titled,...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s
Mar 10 2022 // Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last...
Reuters Special Report: J&J’s Secret Plan to Limit Payouts to Cancer Claimants
Feb 7 2022 // Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly...
