Despite the intense scrutiny of its sales and accountingpractices of the past year, analysts have turned bullish on theproperty-casualty insurance sector, giving the market a thumbs-upin terms of near-term outlook.
"We have, for the first time that I can remember, a period wherenone of the sectors that we follow have a negative outlook," saidSteven Dreyer, a managing director in the insurance ratingsdivision of Standard & Poor's. (A negative outlook is given toa sector when it is expected that downgrades will outpace upgradesin the near term.)
John Iten, director, explained S&P's stable outlook for thecommercial segment of the property-casualty sector earlier thisweek at S&P's annual insurance conference in New York.
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