NU Online News Service, May 29, 2:13 p.m.

While reserve releases are expected to continue through 2012, the industry has likely exhausted most of its reserve cushion, and rate actions that companies have taken in recent months may not be sufficient to prevent continued deterioration, A.M. Best says.

In a special report on the U.S. property and casualty industry’s 2011 results, A.M. Best notes that the industry benefitted from a greater level of favorable reserve development in 2011 compared to 2010.

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