Podcast Center
Video Center
Webcasts
Resource Center
Events
February 14, 2006 at 03:05 PM
U.S. life carrier mortality has been remarkably low.
Only 3 life insurance companies and 3 health carriers failed in 2005, and the companies that did fail were small, according to a report by analysts at Standard & Poor’s, New York.
The number of life insurer and health carrier failures was the same as in 2004, and the only failed life insurer rated by S&P had just $12 million in assets.
Despite the effects of Hurricane Katrina, only 10 property-casualty insurers failed in 2005, down from 13 in 2004, and none of the p-c carriers domiciled in Louisiana or Mississippi was placed under regulatory supervision last year.
