Capital reserves for U.S. commercial lines overall moved to a deficiency position of $900 million at the end of 2012, compared to a $4.1 billion redundancy at the end of 2011, according to “U.S. P&C Industry Statutory Reserve Study,” from Aon Benfield Analytics.
According to the report, reserves deteriorated in commercial liability, workers’ compensation and financial guaranty. Only property lines experienced an increase in reserve redundancy.
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