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 36<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 360,347 736,045 843,350 853,184 867,336 906,462 928,182 939,252 940,915 941,020<br />
1999 395,922 620,850 677,894 689,115 696,008 698,183 698,242 698,477 698,477 698,477<br />
2000 286,278 511,308 603,939 615,478 633,043 634,343 634,343 634,343 634,343 634,343<br />
2001 196,194 337,775 371,795 387,675 392,354 396,044 396,044 396,044 395,994 395,994<br />
2002 125,221 229,405 259,923 281,383 285,666 286,806 286,806 287,406 287,406<br />
2003 78,448 162,594 204,926 238,135 245,322 245,623 246,123 246,123<br />
2004 50,875 135,249 152,122 159,787 164,457 165,457 166,117<br />
2005 58,158 126,081 187,669 188,038 188,038 188,335<br />
2006 48,532 104,225 111,606 119,835 129,988<br />
2007 48,892 81,061 140,349 241,657<br />
2008 11,763 31,912 36,849<br />
2009 35,885 69,076<br />
2010 78,253<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 2.148 1.488 1.050 1.030 1.004 1.000 1.000 1.000 1.000<br />
2nd Prior 1.658 1.071 1.002 1.029 1.001 1.000 1.000 1.000 1.000<br />
1st Prior 2.713 1.731 1.074 1.000 1.006 1.002 1.002 1.000 1.000<br />
L<strong>at</strong>est 1.925 1.155 1.722 1.085 1.002 1.004 1.000 1.000 1.000<br />
Average 2.111 1.361 1.212 1.036 1.003 1.002 1.001 1.000 1.000<br />
Loss Development Factors 15 to 123 months = 3.627<br />
27 to 123 months = 1.718<br />
39 to 123 months = 1.262<br />
51 to 123 months = 1.041<br />
Countrywide - Tort St<strong>at</strong>es** Indemnity<br />
Calcul<strong>at</strong>ion of Loss Development Factors<br />
PERSONAL INJURY PROTECTION<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