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.
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask From This Issue
