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Fitch Issues Special Report on U.S. Auto Insurance Market

Source: Fitch Ratings


Posted on 19 Oct 2009

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In a new report published yesterday, Fitch Ratings discusses recent developments and issues currently facing U.S. auto insurers and the impact they may have on current ratings.

The report notes that although the U.S. private passenger auto insurance market has experienced a strong run of operating performance since 2003, with six consecutive years of underwriting profits, Fitch believes that heightened market competition has weakened pricing over the last several years, leading to a gradual deterioration of results and a strong likelihood for a return to an underwriting loss in 2009.

For a copy of the report titled 'Auto Insurance Market Overview' dated Oct. 15, 2009, please see the Fitch Ratings web site 'www.fitchratings.com' under the following headers: Sectors>>Insurance>>Topical Research & Special Reports.


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