Insurers Continuing to Release Reserves
Homeowners and private passenger auto have most impact on the reserve cycle, Guy Carpenter says.
INN Breaking News, April 30, 2014
Workers’ comp reserves appear to be improving, despite deterioration over the last year, and medical professional liability and commercial multi-peril lines also appear to show greater than expected reserve release in accident year 2012, according to an updated analysis of industry reserves from Guy Carpenter & Company LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Companies. Other lines, such as commercial auto liability, continue to deteriorate however.
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