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Thinner P&C Reserve Cushions Could Push Prices Higher

Property and casualty insurance companies may be forced to raise prices soon as increased harvesting of reserve redundancies is expected to leave a limited cushion for 2009, according to Moody's.

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NU Online News Service, July 27, 3:45 p.m. EDT

Property and casualty insurance companies may be forced to raise prices soon as increased harvesting of reserve redundancies is expected to leave a limited cushion for 2009, according to a recent Moody’s report.

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