P-C Insurance Failures Drop To Three-Year Low
NU Online News Service, March 4, 9:56 a.m. EST?The number of U.S. property-casualty insurance failures in 2003 dropped to its lowest level in three years, helped by the continued hard-pricing environment and the improvement in the economy, according to a report by Standard & Poor's Ratings Services.[@@]
The New York-based ratings agency said that in the p-c industry, the number of insurance failures fell to 20 in 2003, compared with 28 in 2002 and 24 in 2001.
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