U.S. commercial-lines insurers are plagued by inadequate reserves, according to Standard & Poor’s just-published outlook for 2003, and bullish pricing cannot simply sweep the problem away. S&P’s outlook on the sector remains negative. Of the U.S. commercial lines insurers interactively rated by S&P’s, about 40 percent have a negative outlook or CreditWatch, while only three percent have positive outlooks. The ratings agency said improved pricing conditions would have to prevail through 2004 to provide a floor for ratings. Entitled ‘U.S. Commercial Lines Insurance Outlook 2003: a Study in Paradox’, the report is available to RatingsDirect subscribers at http://www.ratingsdirect.com.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Walmart Removes Four Taylor Farms Salads as Recalls Spread 
One Weather Firm Warns New England Could See Big Hurricane This Season 
Iran Renews Attacks on Gulf States After Another Night of US Strikes 
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls From This Issue
