Other liability
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Loss picks for other liability are at a 23-year high, but that still may not be enough.
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The discrepancy between rising claim counts and favorable reserves is cause for concern.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.