Moody's: An Asbestos Fund Won't Budge Ratings
NU Online News Service, April 25, 2:19 p.m.EDT?Creation of a national fund to settle asbestos claimswould be a positive development for insurers, but it is unlikely toaffect their financial strength ratings, Moody's Investors Servicesaid.
A possible Congressional measure setting up a settlementagreement has recently been the focus of talks in Washington,involving legislators, insurers, labor unions and businessessubject to asbestos claims. Aspects of the legislation were thesubject of an April 4 NU Online News report and an editorial in theApril 14 National Underwriter print edition.
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
© 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.
