| Defense Costs And Cost Containment Expenses As A Percent Of Incurred Losses, 2013-2015 (1) |
($000)
|
| |
2013 |
2014 |
2015 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Product liability |
$1,166,236 |
75.1% |
$952,997 |
77.4% |
$1,037,576 |
70.5% |
| Medical malpractice |
1,656,257 |
53.3 |
1,873,835 |
43.2 |
1,871,109 |
53.8 |
| Commercial multiple peril (2) |
2,096,543 |
37.7 |
2,083,103 |
39.1 |
1,977,804 |
34.7 |
| Other liability |
4,914,500 |
25.4 |
4,366,030 |
21.1 |
4,786,370 |
19.9 |
| Workers compensation |
3,035,186 |
12.3 |
3,357,813 |
12.9 |
3,305,927 |
13.7 |
| Commercial auto liability |
1,207,682 |
10.7 |
1,266,051 |
10.6 |
1,541,787 |
11.4 |
| Private passenger auto liability |
4,600,395 |
6.8 |
4,714,942 |
6.5 |
4,923,908 |
6.2 |
| All liability lines |
$18,676,799 |
14.0% |
$18,614,771 |
13.1% |
$19,444,481 |
12.8% |
(1) Net of reinsurance, excluding state funds.
(2) Liability portion only.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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