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 placedeither under regulatory supervision or into liquidation, accordingto Oldwick, N.J.-based insurance rater A.M. Best Co.
In its new report, "Rising Number of P-C Company ImpairmentsContinues Trend," A.M. Best said the figure from last year isgreater than the pace experienced by property and casualtyinsurance companies in 2000 and 2001, when there were 30insolvencies in each year.
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