The Hartford 2008 Annual Report Download - page 87

Recorded reserves for general liability, net of reinsurance, are $2.3 billion in total for Ongoing Operations. Reported loss
development patterns are a key assumption for this line of business, particularly for more mature accident years.
Historically, assumptions on reported loss development patterns have been impacted by, among other things, emergence of
new types of claims (e.g., construction defect claims) or a shift in the mixture between smaller, more routine claims and
larger, more complex claims. The Company has reviewed the historical variation in reported loss development patterns. If
the reported loss development patterns change by 11%, the estimated net reserve need would change by $300, in either
direction. An 11% change in reported loss development patterns is within historical variation, as measured by the variation
around the average development factors as reported in statutory accident year reports.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009