| Defense Costs And Cost Containment Expenses As A Percent of Incurred Losses, 2014-2016 (1) |
($000)
|
| |
2014 |
2015 |
2016 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Product liability |
$953,008 |
85.0% |
$1,037,580 |
70.5% |
$844,602 |
102.5% |
| Medical malpractice |
1,873,518 |
44.3 |
1,867,891 |
53.7 |
1,920,552 |
50.3 |
| Commercial multiple peril (2) |
2,085,336 |
38.9 |
1,978,730 |
34.7 |
2,151,790 |
35.0 |
| Other liability |
4,367,724 |
20.4 |
4,788,421 |
20.0 |
4,066,892 |
15.4 |
| Workers compensation |
3,369,341 |
13.0 |
3,308,079 |
13.6 |
3,270,001 |
13.6 |
| Commercial auto liability |
1,266,020 |
10.6 |
1,541,634 |
11.3 |
1,486,922 |
9.9 |
| Private passenger auto liability |
4,714,964 |
6.5 |
4,917,582 |
6.2 |
5,008,093 |
5.7 |
| All liability lines |
$18,629,911 |
13.1% |
$19,439,917 |
12.8% |
$18,748,852 |
11.4% |
(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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