S & P Downgrade May Affect Insurance Rates

Sovereign Debt Pressure Spreads to Insurers’ Balance Sheets: A.M. Best

August 10, 2011

Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring insurance rating agency A.M. Best to stress test insurers for how they might be affected by the ongoing economic uncertainty.

According to its Best’s Capital Adequacy Ratio stress tests, the current economic conditions are more likely to affect the balance sheets of life insurers than those of property/casualty insurers.

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