NU Online News Service, April 28, 9:24 a.m. EDT
Insurers facing eroding profitability and mounting losses are likely to continue listing charges related to impairments of intangible assets against earnings, a rating firm said today.
Moody's Investors Service commented,"With 2009 earnings likely to remain under much pressure for many insurers, we will likely see additional charges being posted in first-quarter financials," said a report by Wallace Enman, Moody's vice president.
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