Insurance Company Failure Rate Slowed
NU Online News Service, Jan. 9, 3:49 p.m.EST?The pace of insurance company failures dropped nearlyin half last year, while aggressive lending practices almosttripled the bank failure rate, Weiss Ratings, Inc. reported.
The Palm Beach Gardens, Fla.-based ratings firm noted that threelife and health insurers and 20 property-casualty insurers failedin 2002, compared with six life and health and 39 p-c companyfailures in 2001.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
