Accurately estimating future CD liabilities is often more challenging than estimating other commercial lines due to the complexity of construction, the nature of the litigation, and the number of parties involved, and evolving and changing contract terms and conditions throughout the building process. This presentation will include an interactive discussion including the descriptive background of various challenges and techniques, highlighting key findings and methodologies as presented and published in the 2020 CAS Reserving Call Paper Program. The Excel worksheet accompanying the published abstract will accompany the presentation itself, and findings from the audience members are expected to be shared at the presentation as well as following.
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