Moody's Investors Service believes that the outlook for personallines insurance companies remains stable, the agency said in itsannual report released Wednesday.
This outlook, according to Moody's, stems from the industry'sstrong risk-adjusted capitalization, increased surplus levels andreserves, and in spite of increased catastrophe losses.
"Through the first six months of 2005, personal lines insurershave reported strong results, reflecting continued favorablefrequency trends, still-adequate pricing, and favorable reservedevelopment on prior years' losses," said the report's author,analyst James Eck.
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