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Post# of 704047
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nancy2

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nancy2

Re: Zeev Hed post# 351006

Friday, 01/28/2005 10:20:14 PM

Friday, January 28, 2005 10:20:14 PM

Post# of 704047
Reserve Analysis obviously revealed they need to add more loss reserve for claims, which added 2.1% in the expected ultimate loss ratio for 2004 accident years. (and reduce the net income). The changes were caused by Florida law changed on October 1 2003 ! How they only realized this until beginning of 2005 ?
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