S&P: 9/11 Impact Not Fatal For Insurers
NU Online News Service, 3:10 p.m. EST?Sept. 11, 2001, will take its place as a "shocking, but not devasting blow" in the history of insurance, according to a report released today by Standard & Poor's Rating Services in New York.
The study, entitled "Insurance Industry Renews Vital Identity After Sept. 11," noted in the concluding paragraph that "society's self-inflicted wounds from asbestos usage, speculative excesses, and corporate dishonesty may prove more harmful in their own corrosive way."
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