NU Online News Service, Aug. 15, 2:24 p.m. EDT
Rate increases are likely to continue as reserve releases decline and carriers realize minor returns on their investment portfolios, says a financial analyst with Stifel Nicolaus.
In its review of 49 publicly-reporting insurers, based on the companies' second quarter results, reserve releases were down 8.4 percent from the previous year, says Stifel Nicolaus. Total net reserve releases stood at $1.43 billion in 2012 compared to the previous year's $1.56 billion.
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