The U.S. property/casualty insurance industrys reserve position is continuing to deteriorate, according to a study released Thursday by Aon Benfield Group Ltd. The “U.S. P&C Industry Statutory Reserve Study” is based on U.S. insurers statutory filings and reflects year-end 2013 data. Compiled by Aon Benfield Analytics, it found commercial lines continued to move further into an overall deficiency position of $2.8 billion at the end of last year, compared with an estimated $900 million deficiency at the end of 2012.
via U.S. property/casualty insurers reserves deteriorating: Aon Benfield |
