Insolvencies Still Up In 2002, A.M. Best Says
NU Online News Service, March 13, 3:15 p.m. EST?In 2002, 38 property-casualty insurers were placed either under regulatory supervision or into liquidation, according to Oldwick, N.J.-based insurance rater A.M. Best Co.
In its new report, "Rising Number of P-C Company Impairments Continues Trend," A.M. Best said the figure from last year is greater than the pace experienced by property and casualty insurance companies in 2000 and 2001, when there were 30 insolvencies in each year.
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