Selective’s adverse GL development severity driven: Interim CFO Harnett
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Selective’s adverse GL development severity driven: Interim CFO Harnett

The $55mn hit is about 3% of the carrier’s general liability net reserves.

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Selective’s $55mn adverse reserve development in general liability was severity-driven and spread across accident years 2015 through 2020, Anthony Harnett, SVP, chief accounting officer and interim CFO, said.

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