Relatively modest recent losses will result in a healthy fourth quarter for the property-casualty insurance industry, an analyst is forecasting.
Brian Meredith, with Bank of America, said in his fourth-quarter earnings report to investors that “except for reserve loss development from hurricanes, we do not expect much adverse loss development in the sector.”
As for commercial lines, Mr. Meredith said that price stability in property insurance lines and a moderation in casualty lines in the fourth quarter are also favorable signs.
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