Personal lines company stocks can be expected to underperform in relation to commercial lines carriers, an analyst predicted today.
Bank of America property-casualty analyst Brian Meredith said the December Consumer Price Index showed a slight but steady increase in auto insurance costs with homeowners' rates continuing their downward trend.
Auto insurance inflation rose 1 percent in December year over year, compared to a .9 percent rise in November. Homeowners pricing weakened in the month, going down 2.2 percent on a year over year basis, compared to 1.5 percent in November, said Mr. Meredith.
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