A.M. Best: Debt Issue May Ding Life Insurers
Ratings agency increases consideration of a downgrade to U.S. life/annuity sector.
INN Breaking News, August 10, 2011
P&C insurers may be safe for the time being, but the life industry has been left in an increased state of vulnerability as a result of the rating downgrade to the U.S. sovereign debt, according to A.M. Best. As a result, the ratings agency claims they have elevated consideration for a downgrade to the U.S. life/annuity sector from ‘stable’ to ‘negative.’
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