Property-casualty insurers safe from U.S. default in ‘near term’
A possible U.S. government default on its debts, if the federal debt ceiling is not increased, will not “in the near term” hurt the property-casualty insurance sector, according to a financial analysis...
View ArticleInsurers say they ‘strongly support’ bill raising U.S. debt ceiling
A national association of insurance companies is throwing its “strong support” behind a bill before Congress that would raise the debt ceiling. Leigh Ann Pusey, president and CEO of the American...
View ArticleInvestments of insurers ‘unaffected’ by S&P’s U.S. ratings downgrade
Update: 10 insurers with direct, indirect U.S. risks see S&P ratings drop Insurers’ investments should not be affected by the decision of Standard & Poor’s Ratings Service to lower the U.S....
View Article10 insurers with direct, indirect U.S. risks see S&P ratings drop
Standard & Poor’s Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its...
View ArticleAgents left to explain how NAIC, S&P view insurers’ risk differently
The National Association of Insurance Commissioners (NAIC) and Standard & Poor’s seem to have differing views on insurers’ risk since the U.S. government debt downgrade last week. The NAIC, an...
View ArticleS&P credit rating downgrade won’t hurt Calif. insurers, consumers
California officials predict that Standard & Poor’s (S&P) recent downgrade on the credit rating of U.S. government securities will not affect life insurers’ dealings with their consumers in the...
View Article
More Pages to Explore .....