NU Online News Service, Sept. 6, 3:25 p.m. EDT
With pricing showing signs of stabilizing, and solid capital adequacy and balance-sheet strength, Moody's Investors Service has revised its outlook on U.S. commercial insurance to "stable" from "negative."
"The U.S. commercial-lines insurance sector…should remain financially sound despite a prolonged weak U.S. economy and a soft—though moderating—pricing environment," Moody's says. The rating agency notes that the industry shows strong asset quality and a conservative investment profile, an overall sound reserve position, and strong holding-company liquidity.
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