Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Thirteen insurers will have to go to the investment market to seek capital to cover their losses from Hurricane Katrina, an analyst with a rating service said.

Thomas Upton, senior credit analyst with Standard & Poor’s, said in a conference call today that 13 insurance companies were placed on Credit Watch by the rating service. The move was made because it is felt they would be unable to absorb the losses during this year’s hurricane season without recapitalization, he said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.