Buckeye Actuarial Continuing Education April 26, 2011

1. Buckeye Actuarial Continuing Education April 26, 2011

2. Construction Defect Claim Management and Reserving

3. What is a Construction Defect Claim?

4. Where is this a Problem?

5. Legal Decisions and Statutes

6. Coverage Endorsements

7. Coverage Endorsements

8. CD Claim Adjustment/Adjudication

9. Liability Claim vs. CD Claim

10. Liability Claim vs. CD Claim

11. Contracts, Coverage and Allocation

13. General Liability Claim Count Accident Year Reported Development � CD vs NonCD

14. General Liability Accident YearIncurred Loss Development � CD vs NonCD

15. General Liability Accident YearPaid Loss Development � CD vs NonCD

16. Incurred But Not Enough Analysis

17. Incurred But Not Enough AnalysisReport Year Construction Defect Loss Development

18. Incurred But Not Enough AnalysisReport Year Summary of IBNE ($ Millions)

19. Incurred But Not Enough AnalysisAllocation of IBNE to Accident Year ($ Millions)

20. Pure Incurred But Not Reported Analysis

21. Pure IBNR AnalysisAccident Year Claim Count Development

22. Pure IBNR Analysis - Summary of IBNR Claim Counts (000�s)

23. Pure IBNR AnalysisSelected Loss Severity

24. Pure IBNR AnalysisSelected ALAE / Loss Ratio

25. Pure IBNR AnalysisSelected Claims Closed without Pay

26. Pure IBNR Analysis - Summary of IBNR

27. Summary of Construction Defect Losses ($ Millions)

28. Recent Years

30. Buckeye Actuarial Continuing Education April 26, 2011