Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a sensitivity analysis of the event for 10 …
As the insurance industry makes assessments for superstorm Sandy’s impact, analysts say there is now the potential for significant business interruption (BI) and contingent business interruption (CBI) losses. Fitch Ratings said that while many lines of insurance will be affected …
U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers improved to 96.2 percent through mid-year 2012 from 107.9 percent in the prior …
Sufficient capacity remains available in the insurance and reinsurance markets to meet the demand for coverage prior to the approaching U.S. hurricane season, according to Fitch Ratings. Early forecasts for the 2012 U.S. hurricane season are that the North Atlantic …
The medical professional liability insurance (MPLI) market continues to stand out as a relatively strong corner of the U.S. property/casualty business, with recent underwriting performance remaining favorable, according to Fitch Ratings. However, analysts at the ratings firm said they see …
Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses for at least a one-in-500-year earthquake. Fitch has also affirmed CEA’s issuer …
