NU Online News Service, Nov. 3, 2:46 p.m. EST
The property and casualty market, in part because of asbestos losses, has a heightened risk of moving toward a deficient reserve position going forward, according to Fitch Ratings.
However, in its report on reserve adequacy, the New York-based firm said even as the possibility of a deficiency looms, reserves for the U.S. p&c industry were adequate at year-end 2008.
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