NU Online News Service, Jan.15, 3:27 p.m. EST
Publicly traded property and casualty insurers should report good earnings for the fourth quarter of 2009, but the 2010 outlook "remains dim," Keefe, Bruyette & Woods stock brokerage said.
The firm's earnings preview report said while the fourth quarter will likely see insurers report a double-digit return on equity for the year, ongoing price competition will mean declining premium volumes and loss ratio pressures.
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