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This excerpt taken from the ALL 8-K filed Oct 21, 2005. Other Underwriting Impacts
Underwriting losses were also impacted by an estimate of billed but uncollectible premiums and policies expected to be canceled by the policyholder, which decreased Property-Liability premiums earned by $2 million and premiums written by $14 million. In addition, as a result of lower anticipated financial results for 2005, expenses related to employee incentives have been reduced by $35 million.
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This excerpt taken from the ALL 8-K filed Oct 20, 2005. Other Underwriting Impacts
Underwriting losses were also impacted by an estimate of billed but uncollectible premiums and policies expected to be canceled by the policyholder, which decreased Property-Liability premiums earned by $2 million and premiums written by $14 million. In addition, as a result of lower anticipated financial results for 2005, expenses related to employee incentives have been reduced by $35 million.
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