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.
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034 From This Issue
