Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best

November 29, 2016

  • November 30, 2016 at 8:08 am
    DePolarBearables says:
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    I think I recall reading several times over the past decade or so that A&E reserves will be closed out within a decade. This report says 7 to 8 years, barring further reserve strengthening. I have my doubts… again.

    • December 15, 2016 at 2:35 pm
      AlexisM says:
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      The report says the money will be gone not that the problem will be gone! i.e. if reserves are not strengthened, payments will exhaust current reserves in 7-8 years – but there will still be payments due beyond 7/8 years…

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