Not out of the woods

Article Abstract:

A.M. Best Co. has lowered down its estimate of the property and casualty insurance industry's ultimate abbestos and environmental (A&E) liabilities roughly by 10% in the 1996 survey. Such reduction reveals more favorable settlement trends and policy buyback strategies coming from federally designated National Priority List (NPL) waste sites. Aside from this, insurers could still experience increase in claims coming from other sites that are not on the NPL. A.M. Best however, expects that the industry will continue to fund its unrecognized A&E liabilities.

Analysis, Products liability insurance, Product liability insurance

---

Insurers chip away at E&A liabilities

Article Abstract:

An A.M. Best Co forecast of the property and casualty insurance industry's environmental and asbestos (E&A) liability reserves predicts that the industry will increase its E&A reserves in 1995 and 1996 by $4 billion and $2 billion, respectively. After incurring E&A losses in 1994 and 1995 of $4.5 billion and $10 billion, respectively, the industry should find that its E&A liabilities become more manageable in 1996, thus necessitating lower reserves.

Insurance industry

---

P/C industry accelerates recognition of E&A liabilities

Article Abstract:

An A.M. Best Co forecast of the property and casualty insurance industry's environmental and asbestos (E&A) liability reserves predicts that the industry will increase its E&A reserves in 1995 and 1996 by $4 billion and $2 billion, respectively. The industry will increase its environmental reserves in 1995 and 1996 by 60% and 21%, respectively, and it will increase its asbestos reserves in 1995 and 1996 by 32% and 14%, respectively.

Similar abstracts:

• Abstracts: Management programs serve customers and insurers. Avoiding disability land mines. Prepare for a DI hit when you reengineer
• Abstracts: Expanding the scope of malpractice. Insurers fight back on health care. Debate heats up on privatizing social security disability
• Abstracts: Opportunities exist for U.S. insurers in EU insurance market. Senior market offers growing opportunities
• Abstracts: Whole life dividend survey: featuring updated and non-updated policies. Number of life reinsurers dwindles as market grows
• Abstracts: Industry needs to improve electronic sales methods. Is the insurance industry selling "death" again?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.