loss reserves Archives - Page 4 of 4

P/C Loss Reserve Position Stronger, Conning Says

The property/casualty insurance industry's loss reserve position improved in 2012, according to analysts at Conning, who estimate an overall redundancy of 3.3 percent of carried reserves in spite of ...

Reserve Patterns Persist Post-SOX

The ability of property/casualty insurers to set loss reserves has not changed as a result of the enactment of The Sarbanes-Oxley Act of 2002, according to researchers from Illinois State University ...

Prior-Year Reserve Takedown To Continue Until 2015: A.M. Best

Rating agency analysts believe prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. In fact, A.M. Best's lead rating officer thinks reserve additions won't emerge ...

CFO Attacks Industry Reserve-Cheating Theory

The chief financial officer of ACE Group challenged the popular theory that property/casualty insurers "cheat" on loss reserves as they work through market cycles during a presentation at an industry ...

Earnings Management Persists; Sarbox Has No Impact On P/C Reserving

The Sarbanes-Oxley (SOX) Act, implemented in 2002, came in response to a wave of corporate scandals, such as Enron and WorldCom, which raised concerns about the integrity of the accounting ...