US - Negative insurer ratings outnumber positive in H1 2015
Thursday, 10 15 2015, Category: Insurance and Reinsurance, Country: United States
The U.S. property/casualty (P/C) industry’s rating activity over the first half of 2015 turned negative as downgrades and negative outlooks outpaced upgrades and positive outlooks, according to A.M. Best.
This activity reversed a two-year positive trend, the ratings agency said.
The number of downgrades year over year more than doubled for the first six months of 2015, to 36 from 15, according to the A.M Best Special Report titled, “P/C Industry Sees Negative Rating Activity in 2015, Reversing Positive Two-Year Trend.”
Source: Insurance Journal