Best: Industry Well-Capitalized, But Concerns Remain
NU Online News Service, Nov. 22, 3:38 p.m. EST?Property-casualty insurers, thanks to vastly improved operating earnings last year and unrealized capital gains, have achieved a 21.8 percent increase in their industry's overall surplus, a new A.M. Best report said.[@@]
But the ratings agency also cautioned that on a company-by-company basis, it is still seeing many worrisome situations that are causing ratings downgrades.
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