NU Online News Service, March 23, 2:03 p.m. EDT
Insurance-rate increases could extend beyond 2012 as insurers slow down their reserve releases and deal with deteriorating calendar-year underwriting profitability, says a financial analyst.
In an analyst note, Meyer Shields of Stifel Nicolaus examined the reserve-release slowdown noting that during the fourth quarter, statutory loss-reserve development declined by 12 percent from 2010 to 2011.
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