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Much like a farmer bringing in his crop in the fall, U.S. property/casualty insurers have harvested significant reserve redundancies, according to a report issued today by Moody’s Investors Service, leaving a narrower cushion for the next 12 to 24 months. The report, “U.S. P&C Insurers Harvest Significant Reserve Redundancy,” cites a weak pricing environment as [...]
The property/casualty insurance industry appears to have sufficient reserves under assumptions that current claims settlement patterns continue. This is the feeling of Stephan Christiansen, director of research at Conning Research & Consulting. “However, some of this apparent improvement may be related to a slow-down in the economy affecting loss reserve development, and there is also [...]