OLDWICK, N.J.--()--The majority of the 19 life/health and property/casualty financially impaired companies (FIC) for 2012 were caused by the combined result of deficient loss reserves/inadequate pricing, with only one company’s impairment being directly attributed to catastrophe losses, according to a recently released briefing by A.M. Best Co. Six FICs had been rated by A.M. Best at one time; five within the three years leading up to impairment. Of those five, none was rated in the secure range in the year of impairment.
For the full, complimentary copy of this briefing, which updates the most recent L/H and P/C impairment reviews published by A.M. Best on June 23, 2012, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=210181.
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