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Tourists drive past Standard & Poor's headquarters in New York's financial district Saturday, Aug. 6, 2011. After the first-ever downgrade of the U.S. government's AAA credit rating by Standard & Poor's on Friday, top officials at the company on Saturday defended their position after the Obama administration called the move a hasty decision based on faulty math. (AP Photo/Karly Domb Sadof)

NU Online News Service, Aug. 8, 1:11 p.m. EDT

Insurers and reinsurers will not be impacted by Standard & Poor’s U.S. sovereign rating downgrade, says the president of the Insurance Information Institute (I.I.I.).

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