NU Online News Service, April 6, 1:39 p.m.EDT
Despite continued increases in loss costs, the private passengerauto insurance industry should continue to remain profitable,benefiting from the weak economy, a financial analyst said.
Using data supplied by the Insurance Services Office Inc., MeyerShields of Stifel Nicolaus in Baltimore said in an analyst's notethat to counteract a 1 percent annual increase in loss costs, thereis a decline in claim frequency, which has fallen to its lowestlevel since the first quarter of 2007. Lower repair and replacementcosts are also moderating severity, he said.
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