Aug 1, 2011

Breaking News: How Debt Ceiling Politics Impact P/C Insurance Industry

Insurance Journal Breaking News
August 1, 2011

Breaking News Alert

How Debt Ceiling Politics Impact P/C Insurance Industry

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As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies' portfolios, short- and long-term interest rates and a decline in equity markets.

The leading concern among insurers in the July 28 – 29 survey was a possible decline in capital (37%), followed by a lack of market liquidity and stock market volatility (both at 26%) should Congress fail to reach an agreement, according to an online survey of 35 insurance executives by global professional services company Towers Watson.

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