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Moody’s cuts America’s pristine credit rating, citing rising debt

Moody’s cuts America’s pristine credit rating, citing rising debt

by AIP Online Bureau | May 17, 2025 | International News, Policy, Risk Management

“Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,” Moody’s said on Friday, as it changed its outlook on the U.S. to “stable” from...
AM Best affirms credit ratings of ICICI Lombard General Insurance

AM Best affirms credit ratings of ICICI Lombard General Insurance

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life

Despite its lack of underwriting profitability, ICICI Lombard has consistently outperformed India’s general insurance market. Underwriting performance showed a slight improvement in fiscal year 2024, mainly due to lower claims for motor and health insurance, although...

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