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S&P Says Insurance Market Softening, But Remains Sound

The U.S. personal lines insurance sector is showing signs of entering into a softer cycle than the hard one that has dominated the industry for...
June 7, 2005

The U.S. personal lines insurance sector is showing signs of entering into a softer cycle than the hard one that has dominated the industry for the past few years, according to a report by Standard & Poor's Ratings Services. The report says this trend is especially prevalent in the auto insurance market. "Weakened fundamentals, declining premium rates, and rising interest rates could all affect the sector's operating performance, but at this point, fundamentals remain sound," said Standard & Poor's credit analyst Polina Chernyak. "As a result, we have decided to retain a stable outlook on the personal lines sector."

S&P: Personal Lines Sector Outlook Stable (6/2/05)

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