This analysis extends earlier studies on personal and commercial auto liability insurance, calculating the cumulative effect of both economic inflation and legal system abuse on these portfolios. Furthermore, the quantification is expanded to assess impacts across general liability insurance lines. Over the decade spanning 2015 through 2024, the study estimates that increasing inflation drove liability insurance losses and defense and cost containment (DCC) expenses by more than $230 Billion. Consistent with previous studies, the methodology employs aggregated Annual Statement data through year-end 2024, with detailed background provided in Appendix I.
This research paper is a collaboration between Triple-I and Casualty Actuarial Society (CAS).
