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S&P: U.S. Commercial Lines Outlook Revised To Negative From Stable

National News • August 14, 2008
Standard & Poor's Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor's credit analyst John Iten explained ...

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Subject: More.

Posted On: August 21, 2008, 5:09 am CDT
Posted By: Ben T.
Comment:
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services it has lowered its outlook on Selective Insurance Group Inc. and its subsidiaries to negative from stable, citing concerns that recent profitability has not been as strong as the ratings agency expected at the current rating level, as well as the decline in capital adequacy since the end of 2006 and relative to peers.

Selective is on the auction block, from what I've been hearing.
Subject Posted By Posted On
More. Ben T.
Aug 21, 2008, 5:09 am
Hanover or Cincy Cincy Watcher
Aug 16, 2008, 6:39 am
WAKE UP ALREADY ! Ahead of the curve
Aug 14, 2008, 3:08 pm
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