Wednesday, August 08, 2007

 

Insurer Faces Rating Cuts

Rating agencies are reacting with skepticism to a Midwestern carrier’s latest earnings release.

Conseco Inc., Carmel, Ind., is reporting a $60 million net loss for the second quarter on $1.2 billion in revenue, compared with a $22 million net loss on $1.1 billion in revenue for the second quarter of 2006.

Insurer Faces Rating Cuts
Source: National Underwriter (subscription required)

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