| Defense Costs And Cost Containment Expenses As A Percent of Incurred Losses, 2018-2020 (1) |
($000)
|
| |
2018 |
2019 |
2020 |
| |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
Amount |
As a percent
of incurred losses |
| Product liability |
$879,786 |
68.0% |
$660,292 |
49.4% |
$667,390 |
60.9% |
| Medical professional liability |
1,698,577 |
41.9 |
1,910,421 |
40.7 |
2,100,614 |
42.4 |
| Commercial multiple peril (2) |
2,276,691 |
31.2 |
2,527,296 |
32.8 |
2,205,799 |
28.4 |
| Other liability |
4,552,421 |
14.8 |
6,580,700 |
19.2 |
7,140,717 |
17.8 |
| Workers compensation |
3,056,129 |
14.2 |
2,773,183 |
13.1 |
2,346,484 |
11.5 |
| Commercial auto liability |
1,823,122 |
10.2 |
2,140,124 |
10.5 |
2,028,971 |
10.5 |
| Private passenger auto liability |
6,007,501 |
6.5 |
6,575,194 |
6.8 |
5,425,870 |
6.6 |
| All liability lines |
$20,294,227 |
11.6% |
$23,167,210 |
12.5% |
$21,915,845 |
12.5% |
(1) Net of reinsurance, excluding state funds.
(2) Liability portion only.
Source: NAIC data, sourced from S&P Global Market Intelligence, ÐÓ°ÉÔ´´ Information Institute. |
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