NU Online News Service, Nov. 11, 1:15 p.m. EST

Third-quarter reserve releases declined nearly 19 percent over the same period last year, which could put greater pressure on carriers to increase rates, according to an analysis from Stifel Nicolaus.

In its report, the financial services firm says it reviewed 55 publicly-traded insurance companies and found net releases for the third quarter of this year stood at $1.54 billion compared to $1.9 billion for the same period last year.

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