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February 7, 2014 in Carrier Management
Effect of Reserve Troubles on P/C Market: A.M. Best’s Mosher
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While reserves are adequate for the P/C industry overall, that's not necessarily the case for every carrier individually. Carrier Management's Susanne Sclafane asked Matt Mosher, A.M. Best senior vice president of rating operations, what types of companies get into trouble over their reserves and what effects do their troubles have on others? Also, how long can some carriers continue to take down prior year reserves?
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