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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends. -
The lawsuit names additional attorneys, doctors and medical practices.
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Umbrella was the exception, ticking up slightly on the month.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
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States are grappling with first responder claims litigation as some move to expand presumptions to more worker types.
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The complaints are the first effort to crack down on existing suspicions.
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The report also noted that 35% of injuries occurred during an employee’s first year.
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The executive said the company remains optimistic about small commercial, where NWP grew 8.5% in Q2.
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Reserve analysis shows that OL reserving may be insufficient for recent AYs.
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Rising medical inflation, less favorable frequency trends and difficulty in getting rate are challenging the line.
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The first RICO complaint targeted medical providers and training centers.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
