NU Online News Service, Dec. 8, 3:47 p.m. EST
The 2011 outlook for personal and commercial lines remains stable, according to Fitch Ratings, but a turn to negative is more likely for commercial lines than personal, the rating agency said.
In a recent outlook report, Fitch noted that commercial lines rate inadequacy is more pronounced compared to personal lines. Fitch pointed to rising accident year underwriting losses in key commercial lines segments, as well as competitive forces continuing to drive down rates.
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