| DEFENSE COSTS AND COST CONTAINMENT EXPENSES AS A PERCENT OF INCURRED LOSSES, 2011-2013 (1) |
($000)
|
| |
2011 |
2012 |
2013 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Products liability |
$1,140,230 |
72.0% |
$873,860 |
114.7% |
$1,166,236 |
75.1% |
| Medical malpractice |
1,793,296 |
57.5 |
1,686,009 |
45.7 |
1,656,049 |
53.3 |
| Commercial multiple peril (2) |
1,896,935 |
37.6 |
2,022,739 |
46.0 |
2,096,543 |
37.7 |
| Other liability |
4,464,140 |
25.0 |
4,959,838 |
24.8 |
4,914,106 |
25.4 |
| Workers compensation |
3,087,836 |
12.6 |
3,071,093 |
12.3 |
3,012,719 |
12.3 |
| Commercial auto liability |
960,961 |
10.3 |
1,091,434 |
10.4 |
1,207,596 |
10.7 |
| Private passenger auto liability |
3,960,967 |
6.2 |
4,353,427 |
6.7 |
4,600,395 |
6.8 |
| All liability lines |
$17,304,365 |
13.8% |
$18,058,400 |
13.9% |
$18,653,644 |
14.0% |
(1) Net of reinsurance, excludes state funds.
(2) Liability portion only.
Source: SNL Financial LC. |
|