Fitch Ratings says that, barring a rash of catastrophic losses or an increase in inflation, the property and casualty insurance industry should remain stable into 2013.
In a report, “2013 Outlook: Property/Casualty Insurance,” the ratings agency paints a positive picture for the industry overall. The outlook is for both U.S. commercial and personal lines.
After years of a prolonged soft market and dealing with the economic downturn, Fitch says, “The market capital position remains strong” and the carriers the firm rates “have sufficient capital to meet significant future adversity.”
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