Flood losses not expected to arrest premium decline, claims Moody's
Widespread flooding over the Christmas period is unlikely to reverse the decline in property insurance premiums, despite the impact of the adverse weather conditions negatively affecting insurer’s earnings, according to Moody’s.
In a sector comment published this morning by the ratings agency on the credit impact of UK flood losses for property and casualty insurers, Moody's claimed it does not consider the flood-related
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