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P&C industry data shows deteriorating trends for general liability
23 August 2019
The U.S. property and casualty insurance industry as a whole has experienced significant deterioration in loss ratios for general liability in calendar years 2015 to 2018. The loss ratio deterioration is likely to continue as the industry grapples with extension of statutes of limitations for sexual abuse claims, opioid litigation, and generally increasing jury awards driving up the severity of claims.
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Manyi Luo
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P&C industry data shows deteriorating trends for general liability
The U.S. property and casualty insurance industry as a whole has experienced significant deterioration in loss ratios for general liability in calendar years 2015 to 2018.
Raji Bhagavatula, Mark Goldburd, Manyi Luo , Jason Russ