S&P: 2013 outlook is largely stable for the insurance industry

01/8/2013 | PropertyCasualty360

The credit outlook for the U.S. insurance industry will remain generally stable this year because of the favorable business climate, the industry's strong balance sheets and better enterprise risk management, Standard & Poor's Ratings Services says. But political fighting and the slow economic recovery pose threats, the ratings firm said. "Unfortunately, we expect the downside risks to continue to outweigh upside risks at least in 2013," said Rodney Clark of S&P.

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