U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard & Poor’s Ratings Services.
In a report titled, U.S. Insurers’ Sound Fundamentals Should Counteract Sluggish 2013 Economic Performance, the rating firm said that the Congressional deal to avert or at least delay the so-called fiscal cliff reduced the near-term likelihood of the U.S. economy falling into recession. However, S&P said the recovery remains fragile and further political brinksmanship over spending and the deficit could overshadow the economy and markets for much of 2013.
Was this article valuable?
Here are more articles you may enjoy.
One Weather Firm Warns New England Could See Big Hurricane This Season 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
Tropical Storm Watches Posted Across Florida’s Panhandle Region 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success From This Issue
