NU Online News Service, Aug. 9, 3:05 p.m. EST
While Standard & Poor's recent downgrade of U.S. long-term sovereign debt is not expected to have a meaningful direct impact on property and casualty insurers, the indirect impact of the downgrade, as a reflection of economic uncertainty, could be more significant and could prolong the soft market cycle, according to ALIRT Insurance Research.
ALIRT notes that the direct impact of the downgrade "is really a side-show, with no meaningful direct manifestations."
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