Property-casualty industry loss reserve adequacy

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      <subfield code="a">Property-casualty industry loss reserve adequacy</subfield>
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      <subfield code="a">The property/casualty industry continues to benefit from reserve strength built up in the prior hard market. On a calendar year basis, insurers have reported net favorable prior underwriting period reserve development for the last five consecutive years. Favorable development (excluding development tied to mortgage insurers and financial guarantors) represented 2.4%
of annual earned premium volume in 2009 and 2010</subfield>
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