Is $8 Billion Material?

A Look at Year-End 2010 Reporting of Loss and Loss Adjustment Expense Reserve Adequacy

By Joseph Petrelli and Steven Groeschen

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates of loss and loss adjustment expense reserves.


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