TEXT-S&P:Past hardships could strengthen U.S. personal line

Newswire

(The following statement was released by the rating agency) Jan 29 - For the second consecutive year, following five years of underwriting profitability, the personal lines insurance sector is likely to have experienced underwriting losses in 2009, according to an article published earlier this week by Standard & Poor's Ratings Services. We are maintaining a negative outlook on the U.S. personal lines property/casualty insurance sector, which includes personal automobile and ...

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