NU Online News Service, Dec. 13, 4:07 p.m. EST

Standard & Poor's said Friday it has revised the rating outlook for U.S. personal property and casualty insurance lines to stable from negative, pointing to more favorable pricing among the factors prompting the change.

Personal lines insurance prices have been improving since 2008, the New York-based rating agency said, contrasting the commercial lines sector where prices continue to fall.

Although price declines are slowing for commercial lines, S&P analysts expect to issue more downgrades than upgrades for commercial lines insurers over the next 12 months, which means the firm has a "negative outlook" on the sector.

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