Among the characteristics that make the insurance business the granddaddy of financial services: Insurers are keen to the evolving needs of their clients and the way an ever-changing world impacts their business. Here, property and casualty insurance professionals will find valuable news and information for their specialty market clients.
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.
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