S&P Says Japan Insurers Under Pressure

NU Online News Service, July 7, 11:22 a.m.EDT?Japanese non-life insurers remain under severepressure despite improving performance in fiscal year 2002, NewYork City-based Standard & Poor's Ratings Services said.

S&P said the carriers face difficulties despite cuttingoperating expenses and the absence of losses caused by large-scalenatural disasters in the last fiscal year.

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