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.

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