Loss reserves deficient by $26B, broker warns. (insurance industry loss reserves; Scott Sanderson, vice president of Sedgwick James Financial & Actuarial ... & Casualty-Risk & Benefits Management

Loss reserves deficient by B, broker warns. (insurance industry loss reserves; Scott Sanderson, vice president of Sedgwick James Financial & Actuarial ... & Casualty-Risk & Benefits Management

Loss reserves deficient by B, broker warns. (insurance industry loss reserves; Scott Sanderson, vice president of Sedgwick James Financial & Actuarial ... & Casualty-Risk & Benefits Management , Price: $5.95 - This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 25, 1992. The length of the article is 576 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The executive vice president of Sedgwick James Financial & Actuarial Consulting warned that the insurance industry's loss reserves were deficient by billion. Scott M. Sanderson, speaking at the Public Risk Management Association 1992 annual conference, cited Sedgwick James research and other studies in warning that neglect of the problem could lead to more insurer insolvencies and higher rates in a tough market. Deficient loss reserves caused 28.5% of property and casualty company insolvencies between 1969 and 1990. There is significant overcapacity in the U.S. insurance market. The market is expected to be flat in 1992 and 1993 and about 3 billion in premiums are anticipated in 1992.

Citation Details
Title: Loss reserves deficient by B, broker warns. (insurance industry loss reserves; Scott Sanderson, vice president of Sedgwick James Financial & Actuarial Consulting) (PRIMA Conference Report)
Author: Alfred G. Haggerty
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 25, 1992
Publisher: The National Underwriter Company
Issue: n21 Page: p3(2)

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