S&P Downplays Firms' Terror Cover Lack
NU Online News Service, Jan. 9, 12:29 p.m. EST?Analysts for Standard & Poor's in New York said today that although commercial insurers won't renew many types of commercial policies as they seek to cut terror risks the rating implications of non-renewal actions will be limited for corporate insureds.
Sol Samson, a managing director with Standard & Poor's Corporate Ratings group, said in a statement that, "The ratings implications for corporates are likely to be very limited and selective."
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