Despite improved pricing, underwriting performance for personal auto insurers in the United States declined in 2012, according to “'Personal Auto Underwriting Performance,” from Fitch Ratings.
It was the fifth consecutive year of weak performance for the private passenger auto segment, Fitch said. Rates continue to increase in 2013, and a return to more normal catastrophe losses this year could lead to a modest underwriting profit, though, Fitch said.
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