Fitch this morning on U.S. auto insurers: "Although the U.S. private passenger auto insurance...

|By:, SA News Editor
Fitch this morning on U.S. auto insurers: "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."