Problem relates to reserves, with rising claims, particularly...

Problem relates to reserves, with rising claims, particularly workers compensation claims.

This problem flows from previous adoption of lower liability standards, rather having higher standards as the norm.

No disagreement with Argentina IF Argentina is raising their standards.

Regardless where policies are issued, or taken on, reserves need be calculated to highest standards for our liability to be accurate.

Some business gamers try lowering insurance protection standards, so can pretend monies saved are profits.


While being shareholders, most of us do insure ourselves, our homes, other property and assets, so do we insure for cheapest policy or most protective of our interest$ policy ?

Those who wait till need claim before check to ensure covered, often lose.

The need is to re-assure us, all policies everywhere have their liabilities assessed against highest claim standards.

When after result of claims failing find our estimated losses lower than expected, can be happy, for these are savings can perhaps see distributed ;-)