NU Online News Service, Aug. 30, 12:26 p.m. EDT

Rating agency Standard & Poor's says it does not expect Hurricane Irene to affect the industry's creditworthiness and it expects "few, if any" rating changes as a result of the storm.

At currently estimated insured losses, Hurricane Irene will affect primary insurers more than reinsurers, since the primary insurers retain a greater property-catastrophe risk.

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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
Personal Lines
Reinsurance