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U.S. Property/Casualty Insurance 2012 Outlook: Still Stable For Personal Lines And Negative For Commercial Lines Dec 11
Standard & Poors, Dec 2011
Abstract
Even before the start of the U.S. hurricane season in June, U.S. property/casualty (P/C) insurers were subject to claims from a series of significant natural catastrophe events--some of which rivaled the insured losses of moderate-size hurricanes. For many insurers, the accumulation of events substantially eroded or exceeded full year 2011 budgets for catastrophe losses. In addition to what might be a record year for natural catastrophe events, the U.S. P/C industry continues to contend with other challenges, including economic uncertainty, lower reinvestment returns due to low interest rates and multiyear price declines and stagnating reserve releases for the commercial lines sector. In the aggregate, however, the U.S. based P/C insurers that Standard & Poor's Ratings Services rates are on solid...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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