Risk Factors Update Summary
- Passage of reviver statutes increases uncertainty of claims frequency. This could result in substantial charges.
- Recorded reserves increased from $3.5 billion to $6 billion. This may lead to substantial charges.
- Actuarial assumptions are now assessed quarterly and updated annually, increasing accuracy and responsiveness.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=60086&owner=exclude
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