# Insurer Ratings Will Fall Says S&P 

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Unsatisfactory fourth quarter results signal that more rating downgrades are ahead for property-casualty insurers Standard & Poor‘s Ratings Services said today. 

S&P comments that were released followed a company conference for the investment and brokerage communities.

The firm said in spite of substantial revenue increases, current financial results do not signal a clean bill of health for insurers and the numbers coming out for fourth-quarter 2002 over the coming weeks will trigger additional downgrades. 

"This is not going to be a pleasant fourth quarter. Inevitably, there will be surprises that are likely to cause rating actions," said Mark Puccia, a managing director in Standard & Poor‘s insurance ratings.

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=1_21_03_13_7785.xml)