My opinion is that you would be correct is your conclusion that it would
have no affect on paid link ratios. But at the same time, I am not sure
that is what he was concluding.
In the last sentence of the first paragraph on page 38, he uses the term
'the' link ratios not 'the paid' link ratios. You will also note in the
last sentence of the first paragraph on page 32, which starts the section
B, he says that this section uses an incurred loss illustration. Also he
starts the first sentence in the last paragraph on page 37 referencing Ex
7.2 which is on an incurred basis. To me he then uses the paid discussion
to show his point regarding the examiners unanticipated effects rather than
to draw an inference about the examiners and their effects on paid
development.
I don't think you are missing anything. Perhaps some of the other members
have a different opinion.
Glen Calihan
---------------------- Forwarded by Glen R. Calihan/Westfield Companies on
02/27/98 08:42 AM ---------------------------
(Embedded image
moved to file: MVadz@aol.com
PIC16212.PCX) 02/26/98 08:03 PM
To: studygroup6@lists.casact.org
cc: (bcc: Glen R. Calihan/Westfield Companies)
Subject: Workers Comp
My question may seem insignificant, however I want to know if I am missing
a
fundamental point. On page 38 of the Workers Comp study note, Feldblum
states
that the phenomena of rising permanent partial cases, durations of
disability
for temporary total cases is lenthening, etc. are rarely anticipated by the
claims examiners. His conclusion seems to state that because of the
trouble
that claims adjusters have of predicting these occurrences, the paid link
ratios show increases.
Isn't it true that paid (not incurred) loss link ratios are unaffected by
claims adjusters "predicting ability"? His conclusion seems to be false.
If I
am interpreting the paragraph incorrectly, please straighten me out!
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