A.M. Best rating firm executives said that despite the impacts of recent hurricanes and the American International Group financial crisis, its outlook for the property-casualty insurance sector is stable.

Speaking during a telephone conference call, they generally expressed cautious confidence in AIG despite its current difficulties, and said the rest of the market is generally solid.

For the market as a whole, they said insurers at this point still have a financial cushion based on the previous hard market pricing levels.

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