Insurance tails Cumulative Percentage of Total losses paid over time for Accidents in Year t 100% 60% 84 Auto Liability Workers'Comp 20% 10 7-97-9 Insurance Tails: 0% 20% 40% 60% 80% 100% 1 2 3 4 5 6 7 8 9 10 Year Cumulative % Homeowners Auto Liability Workers' Comp Other Liability Cumulative Percentage of Total Losses Paid Over Time for Accidents in Year t