This week, Standard & Poor's spoke out against what it described as Enron's "multiple acts of deceit" at a Senate Governmental Afairs Committee hearing in Washington.
S&P has been criticised for keeping Enron on an 'investment grade' rating of BBB+ until four days before its collapse.
Managing director Ronald Barone is defending the company against these claims in the hearing.
He has argued: "It becomes ever clear that, far from providing anything like complete, timely and reliable information to S&P, Enron committed multiple acts of deceit and fraud on S&P, just as it did to many others."
Barone also highlighted the fact that studies on S&P's ratings had shown it to have a very good track record.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
