NU Online News Service, Aug. 30, 12:26 p.m. EDT

Rating agency Standard & Poor's says it does not expect Hurricane Irene to affect the industry's creditworthiness and it expects "few, if any" rating changes as a result of the storm.

At currently estimated insured losses, Hurricane Irene will affect primary insurers more than reinsurers, since the primary insurers retain a greater property-catastrophe risk.

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