Harvey unlikely to boost global property reinsurance rates: Moody'sLONDON (Reuters) - Ratings agency Moody’s said on Monday it did not believe global property reinsurance prices trends would be materially affected by Hurricane Harvey, though rates in affected regions could rise. Intense competition led to declining property and casualty reinsurance premiums in the second quarter, Moody’s said in a report, but it added that “reinsurers have ample capital to absorb Harvey losses”. politicsNews
harvey unlikely boost global property insurance rates reuters ratings agency moody said monday believe global property insurance prices trends would materially affected hurricane harvey though rates affected regions could rise intense competition led declining property casualty insurance premiums second quarter moody said report added insurers ample capital absorb harvey losses politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Harvey unlikely to boost global property reinsurance rates: Moody'sLONDON (Reuters) - Ratings agency Moody’s said on Monday it did not believe global property reinsurance prices trends would be materially affected by Hurricane Harvey, though rates in affected regions could rise. Intense competition led to declining property and casualty reinsurance premiums in the second quarter, Moody’s said in a report, but it added that “reinsurers have ample capital to absorb Harvey losses”. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: harvey unlikely boost global property insurance rates reuters ratings agency moody said monday believe global property insurance prices trends would materially affected hurricane harvey though rates affected regions could rise intense competition led declining property casualty insurance premiums second quarter moody said report added insurers ample capital absorb harvey losses politicsnews