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Bank Downgrades Auto Insurers, Foresees A Slump

Favorable reserve releases will likely slow or go away and future accident-year loss ratios should begin to rise. "An historic review shows that current loss patterns are similar, although somewhat mu

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Reserve shortfalls and deteriorating loss ratios will impact negatively on auto insurance stocks, an investment bank predicted today.

The Chicago-based investment bank of Cochran Caronia Waller changed its outlook on auto insurance stocks to negative based on its analysis of 2006 reserves.

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