NU Online News Service, June 10, 2:52 p.m. EDT
NEW YORK—Price declines are the biggest risk factor for primary property and casualty companies, according to Standard & Poor's, and the declines are a reason why commercial lines remains the only insurance sector with a negative outlook.
Neil Stein, director and sector specialist, P&C, with Standard & Poor's, said during the rating agency's 2011 Insurance Conference here that commercial lines are challenged by "a plethora of factors," including price declines, competition, lower demand and reduced investment income.
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