Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a report from Fitch Ratings, which also said the industry’s reserve position remains adequate overall. Only the product liability, workers’ compensation, commercial automobile liability and commercial multiple peril lines have shown signs of deficiency based on Fitch’s analysis of year-end 2012 reserve levels.
via Seven Straight Years of Reserve Releases: Fitch.
