Financial Services Industry
Industry: Email Alert RSS FeedA.M. best comments on hurricane Katrina's impact.(A.M. Best Co.)(Brief Article)
Best's Review, October, 2005
In response to Hurricane Katrina, A.M. Best Co. has begun to aggregate public and private information in order to assess the financial impact it will have on the global property/casualty insurance and reinsurance industry. A.M. Best expects that virtually all rated companies will be able to meet their commitments, despite the projected magnitude of the potential losses, although a few individual companies' ratings may be lowered.
In addition to industry aggregate information, A.M. Best continues to be aware of Hurricane Katrina's impact on specific companies, and is focused initially on those organizations with the largest market share exposure relative to their surplus. As part of A.M. Best's analysis, each company is evaluated on its ability to withstand the...
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