Question: Ca. Small Potatoes (SP) is a microchip company. On average, 45 percent of SP'a product liability claims for a calendar year are reported during the
Ca. Small Potatoes (SP) is a microchip company. On average, 45 percent of SP'a product liability claims for a calendar year are reported during the calendar year. For 2022, 20 product liability claims were reported during the policy year. How many product liability claims (ultimately) should sp expect for 2022 ? (1 point) b. SP's loss development factors for general liability are provided below: Two and half years after the end of a calendar year, general liability claina todate were $3.6 million. What ultimate genoral liability elaims ahould sp expect for this calendar year? (half point)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
