Personal auto rates are moderating, according to consumer priceindex data released in October.
Brian Meredith, a Bank of America property-casualty insuranceanalyst, said in a note to investors that "as expected, andconsistent with the general downward trends since rates peaked in2002, personal auto insurance pricing is moderating."
October CPI data showed auto inflation rising at a 0.7 percentrate year over year, compared with a 1.3 percent rate the previousmonth and 2 percent in August.
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