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Despite the intense scrutiny of its sales and accounting practices of the past year, analysts have turned bullish on the property-casualty insurance sector, giving the market a thumbs-up in terms of near-term outlook.

“We have, for the first time that I can remember, a period where none of the sectors that we follow have a negative outlook,” said Steven Dreyer, a managing director in the insurance ratings division of Standard & Poor’s. (A negative outlook is given to a sector when it is expected that downgrades will outpace upgrades in the near term.)

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