Carrier Solvency, Not Aggregate Industry Reserves, Should be Focus
Placing Industry Loss and Loss Adjustment Expense Reserving into Perspective
By Joseph L. Petrelli
In an April 2004 edition of Insurance Journal, Mark Wells, publisher, utilized the ‘On the Street’ column to frame the issues related to the current situation of the property/casualty insurance industry’s loss and loss adjustment expense reserves. This column will provide further analysis based on his observations.