NU Online News Service, Sept. 12, 11:45 a.m.EDT
As wildfires continue to flare throughout Texas consuming morehomes and creating more losses for insurers, Moody'sRating Service says the blazes will have a negative impact oninsurer's third quarter results when combined with other lossesthey've experienced during the third quarter.
Moody's says even if the losses were three times more than the1,600 homes Texas officials say are confirmed lost to fires, thelosses are “small compared with the U.S. property and casualtyindustry's earnings capacity and capital base.”
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