S&P report cites sound capital for P/C insurers

02/4/2013 | Business Insurance (tiered subscription model)

Property/casualty insurers are expected to weather a tough economy this year because of their strong capital position, a Standard & Poor's report says. The economy, however, will continue to restrict the industry's financial performance, the report said. "Even our optimistic forecast for 2013 is for a subdued recovery, and the base-case forecast is for more of the same, with 2013 [gross domestic product] growth at about the same sluggish rate as in 2012," the report says.

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