Further evidence that US P&C (re)insurers' well of redundant reserves is running dry emerged in Q3 financials, hampering their ability to offset loss-struck accident-year results by tapping prior-year periods and adding to pressure for higher rates.
Further evidence that US P&C (re)insurers' well of redundant reserves is running dry emerged in Q3 financials, hampering their ability to offset loss-struck accident-year results by tapping prior-year periods and adding to pressure for higher rates.