Moody's cites stable P/C sector outlook, expects some rate firming

08/28/2013 | Business Insurance (tiered subscription model)

Moody's Investors Service said its outlook is stable for U.S. property/casualty insurers. The rating firm said it expects "moderate rate firming pushing underwriting margins into favorable territory over the next 12-18 months, coupled with improved risk selection and claims processes, which are leading to durable reductions in volatility."

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