The property/casualty industry experienced rising financial impairment trends in 2011, with impaired companies still emerging well into 2012 and driving figures well-beyond industry averages. 2011’s 34 P&C impairments represented a significant jump from the 28 reported for the year by A.M. Best on Jan. 23, 2012.
The 2011 experience was a leap above 2010’s 21 impairments and exceeded the P&C historical average impairment count of 25.8. It also stands in stark contrast to the life/health industry’s two 2011 financial impairments, the lowest impairment count and rate for the life/health industry in 50 years.
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