Matter aging reports open matters by duration since opening, typically in bands. Aged inventory reports highlight matters exceeding expected duration for their type.
It is tracked at the portfolio level by carrier and firm.
Alternative Names:
Case Aging, Aged Inventory
Why it Matters?
Aged matters accumulate cost without progressing, and the underlying cause is usually inattention rather than complexity. Reviewing aged inventory surfaces the files that have been passed over in favor of active matters, which is a predictable pattern in any busy practice. Aging also correlates with adverse development, since older claims frequently develop unfavorably as damages accrue and evidence deteriorates.
Frequently Confused with
Related terms
Frequently asked questions
What causes matters to age?
Why does aging correlate with adverse development?
