Search
 

P-C Insurers Reserves In Better Shape: Moodys

U.S. property and casualty companies have clearly improved the strength of their reserves, and insurer shortfalls are no longer large enough to trigger downgrades ...

By Staff Writer | Updated on March 25, 2005

U.S. property and casualty companies have clearly improved the strength of their reserves, and insurer shortfalls are no longer large enough to trigger downgrades for most companies, Moody’s Investors Service said.

As of 2004, non-asbestos reserves for insurers are deficient by $4-to-$8 billion, or 1-to-2 percent of carried reserves, Moody’s said in a report.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.