TITLE

Insurers Brace for Economy's Wrath

AUTHOR(S)
Lehmann, R. J.
PUB. DATE
November 2008
SOURCE
Best's Review;Nov2008, Vol. 109 Issue 7, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article highlights the online survey of A.M. Best on the impact of economic turmoil towards insurance industry in the U.S. The survey shows that 85% of insurance industry professionals believe that the ongoing turmoil in global credit market will affect their business. In addition, the respondents believe that investment yields will also diminish. Moreover, 72% of the respondents foresee a bankruptcy of the major multiline insurance group.
ACCESSION #
35209087

 

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