Tuesday, June 14, 2005

Insurance industry hoping for a return to normalcy

Ratings downgrades are declining, says S&P

Standard & Poor's Ratings Services reports that insurance industry executives at its latest industry conference said they are hoping for a return to normalcy after a tough year, which saw them grapple with the investigations by New York State Attorney General Eliot Spitzer and spend heavily to meet tougher disclosure and corporate-governance requirements under the Sarbanes-Oxley Act.

See full Article.