The number of insurers put under state supervision fell to its lowest point in a decade, according to research by Standard and Poor's.
The research found that the number of insolvencies has declined steadily among insurance companies in recent years, and property and casualty insurers are making up a smaller percentage of those failures.
There were 19 insolvencies in 2004 across all lines, 16 in 2005, and 11 in 2006. The lowest point was just 10 last year. Insolvencies among p-c companies, which Standard and Poor's noted "historically make up the bulk of the total count," made up a lower percentage in 2007 (40 percent) than the 10-year average of 57 percent.
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