Crop Insurers Could Face First Overall Loss in 10 Years: Moody’s August 23, 2012 Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers...
Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s August 21, 2012 U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to second-quarter 2011, driven by...
Moody’s Cuts Ratings of 15 Global Banks June 22, 2012 By Rick Rothacker and Steve Slater Ratings agency Moody’s Investors Service downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to...
Connecticut Urges Other States to Sue Credit Rating Agencies March 8, 2012 By Karen Freifeld Connecticut officials are encouraging other states to consider suing credit-rating agencies that gave high grades to risky mortgage-backed securities that...
Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers February 16, 2012 By Ian Chua and Soyoung Kim Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another...
Ground Shifting for Medical Liability Insurers: Moody’s January 3, 2012 Although it comprises just over two percent of annual direct premiums for the U.S. property and casualty insurance industry, the...
Foreign Insurers Must Decide If China’s Growth Outweighs Disadvantages November 30, 2011 Foreign insurers will have to answer for themselves whether their disadvantaged position relative to domestic insurers in China is outweighed...
Accounting Rules to Hurt Insurers’ Ratios But Not Ratings: Moody’s October 20, 2011 New accounting rules intended to align U.S. insurers’ varied approaches to accounting for deferred acquisition costs (DAC) will negatively affect...
Moody’s: P/C Insurers More Mindful of Inflation Risks October 11, 2011 Until recently, the risk of inflation shocks has not ranked high on the agenda for U.S. property/casualty insurers, Moody’s Investors...
Rating Agencies Win Dismissal of Ohio Funds Lawsuit September 28, 2011 By Jonathan Stempel The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost hundreds of...