New attitudes have led to a costly rise in liability claims. Get the details and see what we’re doing to help protect your interests.
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The impact
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The industry average general liability combined ratio was estimated at 104 percent for 2019,1 extending this streak
to six years of underwriting losses.
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The industry average auto liability combined ratio was 110 percent for 2019,2 extending losses to
the auto segment.
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The why
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The plaintiffs bar
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Advertising and
technology encourage
outsized verdicts.
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Litigation funding
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Outside investors are paying
claimants’ legal fees for a
piece of the potential award.
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The jury’s new stance
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Forty-two percent of jurors go
by what they think is fair,
not by the law.3
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Our six inflation-calming strategies
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Sharpen our risk control approach.
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Work closely with customers and legal for the best expertise for each case.
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Strive to improve public perception.
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Maximize claims management with top-flight specialists, proactive strategies, and innovative analytics.
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Emphasize pretrial prep, flagging cases we shouldn’t take to court early; going to court as ready as can be.
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Invest in data and analytics to guide strategy, control costs, and win favorable verdicts.
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Learn more about our liability claims management approach to social inflation.
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We’re here to help.
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Want to learn more about how you can protect your company from today’s litigious environment and the higher costs it poses?
Contact your Helmsman representative today.
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1 Conning General Liability Insurance Segment Report, Mid-Year 2019; ALM Intelligence and Validity)
2 Conning forecast and analysis Q1 2020
3 https://www.law.com/nationallawjournal/2019/06/05/top-100-verdicts-2018-chart/
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