NU Online News Service, March 25, 2:21 p.m. EDT
Standard and Poor's says it believes claims-loss estimates on residential losses to insurers from the recent earthquake in Japan will not be exceeded, but the ratings future of the domestic insurers hinges on whether those estimates are surpassed or not.
The New York-based rating service said current estimates put residential losses at ¥ 1 trillion ($12.3 billion at the current exchange rate), but S&P says "the current expectation" is that the actual loss will be below that number.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
