Filing at a Glance General Information - Delaware Insurance ...
Filing at a Glance General Information - Delaware Insurance ...
Filing at a Glance General Information - Delaware Insurance ...
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Bulletin 23<br />
Page 35<br />
Accident Year<br />
Paid Alloc<strong>at</strong>ed Expense<br />
Ending Mar. 15 Months 27 Months 39 Months 51 Months 63 Months 75 Months 87 Months 99 Months 111 Months 123 Months<br />
1998 1,580,098 1,976,318 2,168,800 2,295,355 2,349,277 2,364,534 2,369,115 2,382,868 2,383,297 2,383,297<br />
1999 1,381,435 1,727,758 1,964,951 2,087,899 2,149,009 2,185,045 2,194,658 2,195,347 2,197,647 2,197,647<br />
2000 1,028,061 1,437,161 1,684,479 1,811,636 1,857,618 1,872,342 1,877,654 1,926,252 1,926,252 1,928,052<br />
2001 927,349 1,242,097 1,397,217 1,451,109 1,493,877 1,511,981 1,516,191 1,515,929 1,515,929 1,515,929<br />
2002 829,681 1,082,300 1,224,059 1,293,186 1,315,056 1,329,357 1,335,917 1,337,868 1,338,065<br />
2003 696,406 898,164 1,005,316 1,046,392 1,070,876 1,069,783 1,076,556 1,076,581<br />
2004 592,098 792,285 889,992 930,948 952,580 963,522 964,537<br />
2005 508,487 706,365 975,425 1,012,855 1,034,798 1,048,912<br />
2006 557,742 689,265 736,903 761,897 778,123<br />
2007 547,462 657,440 721,618 745,306<br />
2008 419,895 566,761 645,488<br />
2009 283,056 410,458<br />
2010 323,953<br />
LOSS DEVELOPMENT FACTORS<br />
Development 15 to 27 27 to 39 39 to 51 51 to 63 63 to 75 75 to 87 87 to 99 99 to 111 111 to 123<br />
3rd Prior 1.236 1.381 1.046 1.023 1.011 1.003 1.026 1.001 1.000<br />
2nd Prior 1.201 1.069 1.038 1.023 0.999 1.005 1.000 1.000 1.000<br />
1st Prior 1.350 1.098 1.034 1.022 1.011 1.006 1.001 1.000 1.001<br />
L<strong>at</strong>est 1.450 1.139 1.033 1.021 1.014 1.001 1.000 1.000 1.000<br />
Average 1.309 1.172 1.038 1.022 1.009 1.004 1.007 1.000 1.000<br />
Loss Development Factors 15 to 123 months = 1.660<br />
27 to 123 months = 1.268<br />
39 to 123 months = 1.082<br />
51 to 123 months = 1.043<br />
Countrywide - Tort St<strong>at</strong>es** Indemnity<br />
Calcul<strong>at</strong>ion of Loss Development Factors<br />
PROPERTY DAMAGE<br />
**Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, <strong>Delaware</strong>, D.C., Georgia, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine,<br />
Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island,<br />
South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming