S&P: P-C Failure Rate Is High And Low
NU Online News Service, April 3, 10:51 a.m. EST? The rate of collapse among property insurers last year was a case of bad news-good news, according to an analysis by Standard & Poor's.
While the p-c line ranked first in failures among insurance sectors for the second straight year in 2001, the failure figure for p-c companies was actually not as bad as the preceding year, S&P found.
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