Royal & Sun Alliance (RSA.L) has come under fire from a stock market analyst who says that the company's workers' compensation problems are threatening its financial prospects.Analyst Paul F Goodhind of Bear Stearns issued a research note yesterday morning, downgrading the stock from "peer perform" to "underperform."Goodhind said that significant uncertainties remain concerning the company's US reserves, especially related to workers compensation.Goodhind further said that a potential reserve charge may require equity financing, and that this has not been reflected in the stock as yet. Further...
Comments