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S&P Credit Research3603 word report
published May 26, 2009
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | The U.S. property/casualty (P/C) insurance industry has survived myriad natural catastrophes and significant financial turmoil. But never before has it faced the exceptional challenge of simultaneously dealing with constant deterioration from financial stress, an economic recession, and frequent and severe weather-related events. These factors led Standard&Poor's Ratings Services to revise its outlook on the U.S. personal lines insurance sector to negative from stable in December 2008 (see "2009 U.S. Personal Lines Outlook: Stormy Skies Aren?t The Only Worry," published Dec. 12, 2008, on RatingsDirect). U.S. personal lines insurers endured this storm of unprecedented and tumultuous events in 2008, and although they, along with the broader U.S. P/C industry, reported their worst financial results since 2001, P/C insurers nevertheless
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| Brief Excerpt: | RESEARCH Ratings Definitions Midyear 2009 U.S. Personal Lines Outlook: Historical Strengths Are Put To The Test Publication date: 26-May-2009 Primary Credit Analyst: Neil Stein, New York (1) 212-438-5906; neil_stein@standardandpoors.com...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
