NU Online News Service, June 19, 3:11 p.m. EDT

Property-casualty insurers' reserve adequacy "deteriorated" in 2008, ending with a 0.4 percent–$2.2 billion–deficiency that will hurt their earnings, an investment firm said.

For this reason, Keefe, Bruyette & Woods said it is only recommending individual insurance stocks with solid balance sheets and experienced management "rather than sectors."

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.