Rating agencies are now starting to take a look at what companies could face financial peril from Hurricane Katrina losses.
Standard & Poor's this morning raised a red flag on 10 insurance groups facing unusual financial strain from the storm losses in the Gulf region.
Also today, Moody's issued a report that did not specify any companies but asserted carriers "with outsized exposures to the affected region could face ratings downgrades, particularly if they do not recapitalize quickly."
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