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Fitch: US Life Insurance Still Exposed to Work Comp

Friday, October 8, 2004 | 0

Fitch Ratings' North American Life Insurance group will hold a 45-minute conference call Tuesday, Oct. 12 at 3:00 pm ET/2:00 pm CT to discuss U.S. life insurance's exposure to the workers' compensation line, including Unicover. The ongoing exposure of the U.S. life insurer sector to workers' compensation carve-out business continues to be mired in litigation proceedings and arbitration between the direct writers, reinsurers, and retrocessionaires. Fitch believes that the current state of ongoing settlement negotiations is very fluid and expects that settlements are increasingly likely ov...

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