| Defense Costs And Cost Containment Expenses As A Percent of Incurred Losses, 2015-2017 (1) |
($000)
|
| |
2015 |
2016 |
2017 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Product liability |
$1,037,576 |
70.5% |
$844,615 |
102.5% |
$648,145 |
68.9% |
| Medical malpractice |
1,871,109 |
53.8 |
1,927,338 |
50.3 |
1,652,485 |
43.3 |
| Commercial multiple peril (2) |
1,977,804 |
34.7 |
2,152,707 |
35.0 |
2,114,746 |
34.8 |
| Other liability |
4,786,370 |
19.9 |
4,066,792 |
15.4 |
5,163,952 |
21.9 |
| Workers compensation |
3,315,025 |
13.6 |
3,276,491 |
13.7 |
2,955,804 |
13.6 |
| Commercial auto liability |
1,542,092 |
11.3 |
1,487,353 |
9.9 |
1,745,693 |
11.2 |
| Private passenger auto liability |
4,924,216 |
6.2 |
5,008,720 |
5.7 |
5,371,440 |
5.9 |
| All liability lines |
$19,454,192 |
12.8% |
$18,764,016 |
11.4% |
$19,652,265 |
12.1% |
(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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