“Non-Product” Exposure: Conclusion

• Review for potential “non-product” exposure included:

  • Individual review of the 1,097 active policyholders
  • Examination of over 50 of our major settlement agreements, both open and closed
  • Reviewed publicized industry exposures and settlements

• Process confirmed small number of significant potential “non-product” exposures, all from long known asbestos defendants

  • Two resolved / proposed in 2002:
    • PPG
    • Shook & Fletcher
  • Most significant is ACandS

• Valuation of unallocated IBNR includes these unresolved exposures and the possible emergence of potential “non-product” exposure

  
  

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