| Defense Costs And Cost Containment Expenses As A Percent of Incurred Losses, 2016-2018 (1) |
($000)
|
| |
2016 |
2017 |
2018 |
| |
Amount |
As a percent
of incurred
losses |
Amount |
As a percent
of incurred
losses |
Amount |
As a percent
of incurred
losses |
| Product liability |
$844,606 |
102.5% |
$645,190 |
68.6% |
$861,155 |
66.4% |
| Medical professional liability |
1,920,552 |
50.3 |
1,660,939 |
43.7 |
1,690,271 |
41.8 |
| Commercial multiple peril (2) |
2,152,076 |
35.0 |
2,117,223 |
34.8 |
2,276,024 |
31.2 |
| Private passenger auto liability |
5,008,575 |
20.9 |
5,380,006 |
24.8 |
6,007,796 |
27.9 |
| Other liability |
4,066,992 |
15.4 |
5,167,731 |
21.9 |
4,573,280 |
14.9 |
| Commercial auto liability |
1,487,106 |
9.9 |
1,746,182 |
11.2 |
1,823,716 |
10.2 |
| Workers compensation |
3,270,001 |
3.7 |
2,956,635 |
3.3 |
3,065,540 |
3.3 |
| All liability lines |
$13,992,801 |
11.4% |
$14,971,089 |
12.1% |
$15,408,526 |
11.6% |
(1) Net of reinsurance, excluding state funds.
(2) Liability portion only.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|