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P&C Reserve Releases To Slow, Says Moody's

Moody's Investor Services expects reserve releases from the U.S. property & casualty industry to "taper off" over the next year to two years.

By Chad Hemenway | Updated on August 04, 2010

NU Online News Service, Aug. 05, 3:33 p.m. EDT

Moody’s Investor Services expects reserve releases from the U.S. property & casualty industry to “taper off” over the next year to two years.

Reserves are still redundant, but the “cushion has narrowed considerably,” Moody’s said in a special report. Favorable development occurred in all lines in 2009, the provider of credit ratings, research, and risk analysis said.

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