| DEFENSE COSTS AND COST CONTAINMENT EXPENSES AS A PERCENT OF INCURRED LOSSES, 2010-2012 (1) |
($000)
|
| |
2010 |
2011 |
2012 |
| |
Amount |
As a percent of
incurred losses |
Amount |
As a percent of
incurred losses |
Amount |
As a percent of
incurred losses |
| Products liability |
$899,174 |
54.7% |
$1,140,230 |
72.0% |
$873,860 |
114.7% |
| Commercial multiple peril (2) |
1,881,223 |
44.7 |
1,896,935 |
37.6 |
2,022,739 |
46.0 |
| Medical malpractice |
1,809,106 |
61.4 |
1,793,296 |
57.5 |
1,685,867 |
45.7 |
| Other liability |
5,270,556 |
25.5 |
4,464,140 |
25.0 |
4,959,838 |
24.8 |
| Workers compensation |
2,502,138 |
11.2 |
3,087,836 |
12.6 |
3,053,222 |
12.4 |
| Commercial auto liability |
927,259 |
10.5 |
960,961 |
10.3 |
1,090,969 |
10.4 |
| Private passenger auto liability |
3,946,241 |
6.2 |
3,960,967 |
6.2 |
4,343,521 |
6.7 |
| All liability lines |
$17,235,697 |
13.8% |
$17,304,365 |
13.8% |
$18,030,016 |
14.0% |
(1) Net of reinsurance, excludes state funds.
(2) Liability portion only.
Source: SNL Financial LC. |
|