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The personal lines insurance industry is in good financial shape despite the economic challenges companieshave faced recently, but some consolidation is expected in thefuture among the smaller players, according to a report fromMoody's.
The report, "U.S. P&C Personal Lines Insurance--IndustryScorecard," released by Moody's InvestorsService, said the personal lines sector for auto and homeownersinsurance remains "financially sound," despite the weak economy and"prolonged"soft market cycle.
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