While Buyers Enjoy Falling Premiums, S&P Sees ‘Negative P-C Outlook
August 18, 2008 BY ARTHUR D. POSTAL
While it remains a buyer’s market for risk managers, the steep decline in premiums on top of weakening investment returns are delivering a double-whammy to insurer profitability, prompting one rating agency to downgrade its outlook for the U.S. commercial lines sector to “negative.”
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Auto Insurers Challenge Call For Lower Rates After Gas Hikes Cut Mileage
August 18, 2008 BY DANIEL HAYS
With motorists definitely driving less in the face of higher gasoline prices, the heat is on auto insurers to cut their premium rates, but some warn that regulators and the public should not jump to any conclusions while ignoring other emerging trends.
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