Rating Firm Questions Reinsurance Recoverability
NU Online News Service, March, 14, 11:19 a.m. EST?Reinsurance collectibility was among the issues highlighted by a rating firm analyst describing the outlook for property-casualty insurers at an agent-broker conference in San Francisco earlier this week.
Noting that loss conditions and economic factors are keeping property-casualty insurers from capitalizing on the price gains in their marketplace, Steve Dreyer, Standard & Poor's Ratings Services credit analyst and insurance practice leader, also said insurers have not fully accounted fully for the likelihood that reinsurers might dispute certain some claims.
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