The U.S. property-casualty industry improved its reserve position substantially in 2006, according to a new study by Conning Research and Consulting Inc.

“Overall, the industry appears to have more than sufficient reserves, under reasonable assumptions of continuing inflation and claims settlement patterns,” said Stephan Christiansen, Conning Research & Consulting research director.

Several years of strong premium growth, coupled with moderate loss growth, have enabled the industry to add to loss reserves, he added.

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