Report: P/C insurers still have enough risk capital despite decline
The property/casualty insurance industry continues to have enough capital for its asset, credit and underwriting risks despite a slump in its risk-adjusted capitalization by 17 percentage points last year, according to a report from A.M. Best. The capital decline could be attributed to tough market conditions, record-high catastrophe losses and the financial meltdown, the firm said.
Business Insurance
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This story published in PCI SmartBrief on 11/04/2009
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