Weiss: Insurer Failures Fell By Nearly Half In ?04

NU Online News Service, Jan. 10, 2:40 p.m. EST?The number of U.S. insurer insolvencies went down sharply in 2004, falling 48 percent to just 13 failed companies compared to 25 insolvencies in 2003, according to a new report.[@@]

The Weiss Ratings Inc. said that in 2004, 10 property-casualty insurers and three life-and-health insurers became insolvent. In comparison, 21 p-c insurers and four life-and-health insurers failed in 2003.

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