ALAE Methods. Methods are similar to the paid loss development method, the reported loss development method, the Bornhuetter-Ferguson paid loss method, the Bornhuetter-Ferguson reported loss method, the reported count and average value method and the reported losses with de-trended average open claim. Average paid ALAE per closed claim was not used because ALAE often involve [...]
A wonderful, but not widely known alternative method to purchasing real estate is through the use of an installment contract.
Sometimes called a “land contract” or “warranty agreement,” the installment contract is another creative approach to real estate investing, especially for prospective buyers who are currently unable to qualify for a satisfactory mortgage loan.
As its [...]
Reported losses with de-trended average open claim method. This method is also known as the Berquist-Sherman method. Average case basis reserves at prior levels of maturity are re-stated using an assumed trend rate. The case basis report losses are then adjusted to reflect a more stable average case reserve. Adjusted reported losses equal paid losses [...]