NU Online News Service, Dec. 23, 9:02 a.m. EST
If U.S. property and casualty insurers do not manage capital and maintain underwriting discipline after the many profit-draining factors the industry faced during the first nine months of 2011, some companies could feel the pressure of ratings downgrades, says insurance rating agency A.M. Best Co.
In a new special report reviewing the first nine months of 2011, A.M. Best says it appears the P&C industry is seeing an overall stabilization in pricing but the rating agency then rattles off a list of negative influences the market is sure to continue to face in the year ahead.
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