Losses or Claims that pay out very slowly, with Loss development. These are losses that arise from events that have a long latency period or a long settlement period.
EXAMPLE:
• Asbestos claims, exposure to coal dust.
Losses or Claims that pay out very slowly, with Loss development. These are losses that arise from events that have a long latency period or a long settlement period.
EXAMPLE:
• Asbestos claims, exposure to coal dust.