Revised Projections
Assumptions – 3Q01 charge
Hardboard
- Claims growth continues through 1Q 2002, but then declines by 50% per year
Assumptions – 4Q02 charge
- Hardboard
- # Claims filed at slightly above current levels until January 2005
- # Claims decline by about 70% in 2005, then stay flat
Focus on Hardboard Siding which accounts for 85% of all claims payments