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Property-and-casualty insurance brokers were given a continued “stable” outlook from Fitch Ratings, as revenue and earnings growth in 2012 is forecast to match or exceed levels recorded during the first nine months of 2011.

In a five-page report reviewing five publicly traded national insurance-brokerage firms, Fitch says that despite premium gains aiding top-line growth, brokers’ revenues are expected to be “modest due to a flat rate environment” in the commercial-insurance market.

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