Some insurers could face negative rating actions when Standard & Poor's revises its criteria for measuring catastrophe risk for primary insurers, the agency said in a report today.
The revised primary insurer catastrophe criteria are not expected to affect any ratings immediately when they are released early in the second quarter.
"But some companies could face negative rating actions if the new criteria reveal previously uncaptured or poorly managed catastrophe risk," said S&P analyst Thomas Upton.
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