The Hartford 2013 Annual Report Download - page 208

F-72
The following table presents (favorable) unfavorable prior accident years reserve development:
For the years ended December 31,
2013 2012 2011
Auto liability $ 144 $ (25) $ (97)
Homeowners (6)(32) (1)
Professional liability (29) 40 29
Package business 2 (20) (76)
General liability (75)(87) (40)
Fidelity and surety (8)(9) (7)
Commercial property (7)(8) (4)
Net asbestos reserves 130 48 294
Net environmental reserves 12 10 26
Uncollectible reinsurance (25) — —
Workers’ compensation (2) 78 171
Workers’ compensation - NY 25a Fund for Reopened Cases 80 — —
Change in workers’ compensation discount, including accretion 30 52 38
Catastrophes (63)(66) 37
Other reserve re-estimates, net $ 9 $ 15 $ (3)
Total prior accident years development $ 192 $ (4) $ 367
Net unfavorable reserve development in 2013 primarily included the following:
• a strengthening in commercial auto liability reserves, for accident years 2010 to 2012;
• a strengthening related to the closing of the New York Section 25A Fund for Reopened Cases (the "Fund");
• a strengthening of net asbestos reserves driven by the annual ground-up asbestos reserve evaluation;
• partially offset by a release of general liability reserves, for accident years 2006 to 2011; and
• also offset by a release of professional liability reserves, for accident years 2008 to 2012; and
• also offset by a release of catastrophe reserves primarily related to Storm Sandy.
Net favorable reserve development in 2012 primarily included the following:
• a release of general liability reserves, for accident years 2006 to 2008;
• a release of catastrophes, primarily related to the 2001 World Trade Center worker's compensation claims;
• partially offset by a strengthening of reserves for workers’ compensation reserves, for accident years 2009 to 2011; and
• also offset by a strengthening of asbestos and environmental reserves.
Net unfavorable reserve development in 2011 primarily included the following:
• a strengthening of reserves for workers’ compensation reserves, for accident years 2008 to 2010;
• a strengthening of asbestos and environmental reserves;
• partially offset by a release of auto liability claims for accident years 2006 to 2010; and
• also offset by a release of package business liability coverages in accident years 2005 to 2009.
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
12. Reserves for Future Policy Benefits and Unpaid Losses and Loss Adjustment Expenses (continued)