A report from Aon Benfield says U.S. P&C insurance reserve redundancy dropped 21 percent in 2012, as commercial lines slid to a deficit for the year.
The report says total estimated reserves stand at $9.2 billion, down from total industry reserves of $11.7 billion in 2011.
Commercial lines stood at a deficit of $900 million compared to $4.1 billion redundancy in 2011.
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