Commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the earthquake in Japan, according to a Moody's report.
The credit rating service's office in Sydney, Australia, issued a report today saying that between commercial P&C, personal lines and life insurers, the greatest uncertainty surrounds losses for insurers in the commercial sector.
While there are caps on losses for residential insurers, and life insurers are expected to be able to withstand their losses, commercial P&C insurers have no cap on claims.
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