NU Online News Service, Jan. 29, 3:42 p.m. EST

For 2009 the personal lines insurance sector is likely to have experienced underwriting losses, and 2010 has a negative outlook, Standard & Poor's Ratings Services reported.

"Standard & Poor's believes that significant investment portfolio and earnings declines have considerably dampened the operating performance and capitalization of some insurers–predominantly those with meaningful life insurance operations," said S&P's credit analyst Neil Stein in a statement.

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