With the economy continuing to strengthen, the number of insurance companies that failed in 2004 declined 48 percent to 13, compared to 25 insurer insolvencies in 2003, according to Weiss Ratings Inc., an independent provider of ratings and analyses of financial services companies, mutual funds, and stocks. Three life/health insurers and 10 property/casualty insurers failed in 2003, compared to four and 21 respective failures in 2003.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
US P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed 
Verisk Pulls Plug on $2.4 Billion AccuLynx Deal After FTC Review Delay 
Head of EEOC Urges White Men to Report Discrimination 
Senators Launch Probe Into Demotech’s Ratings in Florida From This Issue
