...P/C Industry Reserves Adequate: Fitch Ratings' review of U.S. property/casualty ( P/C) industry aggregate loss reserves at year-end 2014 reveals that reserve levels remain adequate, w ith potential for a modest deficiency w hen adjusting for allow able reserve discounting. Chances are limited for near-ter m reserve deficiencies emerging that w ould significantly affect capital levels. Favorable Development: On a calendar-year basis, the P/C industry in aggregate reported favorable overall loss reserve development for the ninth consecutive year in 2014. The magnitude of reported calendar-year redundancies exceeded expectations in recent years and favorable aggregate development continued in 2015. Commercial Auto Deficient: Commercial auto insurance continues to be a w eak perfor ming segment in ter ms of underw riting performance and reserve experience. This line is estimated to still have an overall reserve deficiency at year-end 2014. Other segments that may prove deficient over time are...
