| Defense Costs And Cost Containment Expenses As A Percent of Incurred Losses, 2017-2019 (1) |
($000)
|
| |
2017 |
2018 |
2019 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Product liability |
$645,190 |
68.6% |
$861,155 |
66.4% |
$668,304 |
50.4% |
| Medical professional liability |
1,660,939 |
43.7 |
1,690,271 |
41.8 |
1,891,994 |
40.5 |
| Other liability |
3,778,162 |
38.2 |
3,966,294 |
35.0 |
4,421,983 |
35.7 |
| Commercial multiple peril (2) |
2,117,223 |
34.8 |
2,276,023 |
31.2 |
2,529,989 |
32.8 |
| Workers compensation |
2,956,635 |
13.6 |
3,065,540 |
14.3 |
2,783,923 |
13.2 |
| Commercial auto liability |
1,746,182 |
11.2 |
1,823,716 |
10.2 |
2,123,461 |
10.4 |
| Private passenger auto liability |
5,380,006 |
5.9 |
6,007,796 |
6.5 |
6,573,122 |
6.8 |
| All liability lines |
$18,284,337 |
12.3% |
$19,690,795 |
12.7% |
$20,992,776 |
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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