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Weiss Sees Drop In Carrier Failures

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NU Online News Service, Jan. 10, 2005, 4:01 p.m. EST

A rebounding economy and careful regulation helped improve the stability of U.S. life insurers, health insurers and managed care companies in 2004.[@@]

Only 5 life insurers, health insurers and health maintenance organizations failed last year, down from 7 in 2003, according to Weiss Ratings Inc., Jupiter, Fla.

None of the life and health carriers that failed had more than $1 billion in assets.

In the property-casualty market, the number of failures fell to 10, down from 21 in 2003.