NU Online News Service, June 8, 10:40 a.m. EDT
BROOKLYN, N.Y.–Rating analysts at Standard & Poor's are starting to get concerned about loss reserving activities of commercial insurers, and insurance executives are eyeing the same troubling actions, said speakers at a conference.
During the opening session of the Standard & Poor's Insurance 2009 Conference last week, Managing Director Thomas Upton said the firm is particularly concerned about the fact that insurers are taking down (or releasing) loss reserves they carry on their books for prior accident years too quickly.
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