Conning Research has recently released a study that shows the improved reserve position for the property and casualty insurance industry for 2006.
According to Conning, the study titled Property-Casualty Loss Reserves: Strong, But Beginning to Fade?, is based on a thorough analysis of historical data composed of paid losses and reported loss development for the casualty and liability lines.
"The property-casualty insurance industry reserve position improved substantially in 2006, when compared with our prior analyses," said Stephan Christiansen, director of research at Conning Research & Consulting in a release. "Overall, the industry appears to have more than sufficient reserves, under reasonable assumptions of continuing inflation and claims settlement patterns."
"Property-Casualty Loss Reserves: Strong, But Beginning to Fade?" is available for purchase from Conning Research & Consulting, by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.
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