DEFENSE COSTS AND COST CONTAINMENT EXPENSES AS A PERCENT OF INCURRED LOSSES, 2012-2014 (1)

($000)

  2012 2013 2014
  Amount As a percent of incurred losses Amount As a percent of incurred losses Amount As a percent of incurred losses
Product liability $873,860 114.7% $1,166,236 75.1% $952,997 77.4%
Medical malpractice 1,686,009 45.7 1,656,257 53.3 1,873,874 43.2
Commercial multiple peril (2) 2,022,739 46.0 2,096,543 37.7 2,083,103 39.1
Other liability 4,959,838 24.8 4,914,374 25.4 4,365,569 21.1
Workers compensation 3,071,093 12.3 3,018,372 12.3 3,357,813 12.9
Commercial auto liability 1,091,434 10.4 1,207,681 10.7 1,266,046 10.6
Private passenger auto liability 4,353,427 6.7 4,600,395 6.8 4,714,584 6.5
All liability lines $18,058,400 13.9% $18,659,858 14.0% $18,613,986 13.1%
(1) Net of reinsurance, excludes state funds. (2) Liability portion only. Source: SNL Financial LC.