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RATE

Across
INCREASED SEVERITY ON UNDERLYING GL & AU CAUSES MORE CLAIMS TO PENETRATE THIS LINE.
LOSS FREQUENCY IS EXPECTED TO REMAIN HIGH DUE TO THIS CONDITION ON ROADS
HIGHER PHYSICAL DAMAGE LOSS SEVERITY IS DUE TO HIGHER COST OF THIS TYPE OF EQUIPMENT.
CAUSE OF CONTINUED SEVERITY LOSSES AS WELL AS IMPROVED ECONOMY
ADVERSE PR RESULTS ARE RESULT OF THESE TYPES OF LOSSES.
INCREASE IN AVERAGE SEVERITY OF WORK COMP IS DRIVEN BY MEDICAL AND THIS TYPE OF INFLATION.
Down
SHORTAGE OF THESE IS LEADING TO ADVERSE HIRING AND LOSS SEVERITY.
THESE TYPES OF CLAIMS HAVE INCREASED SEVERITY BY OVER 50% IN LAST 6 YEARS
INVOLVEMENT INCREASES LIKELIHOOD CLAIM RESULTS IN LAWSUIT LENGTHENING LIFE CYCLE AND INCREASING COSTS
THIS TYPE OF DRIVING CONTRIBUTES TO ADVERSE AUTO LOSS HISTORY
RATES UP AS MUCH AS 30% AT 6/1/19 RENEWALS
SHOULD BE INCREASED TO REFLECT INCREASED COSTS