Trend | Range | |
---|---|---|
General liability | +1% to +4% | |
Auto liability | +4% to +7% | |
Workers compensation | -3% to -1% | |
Excess workers compensation | -2% to +5% | |
Umbrella | +4% to +8% (+10% to +15% for heavy auto/large fleet risks) | |
Excess | +2% to +7% (10%+ for heavy auto/large fleet risks) |
As the frequency and severity of nuclear verdicts continue to increase, so has the use of supportive lead program augmentation. In analyzing this trend from 2015 to 2023, WTW has found that 55% of WTW’s large and complex clients currently purchase umbrella liability and primary liability from the same carrier (from 37% in 2015), representing a 49% increase in this structure alternative. Congruently, WTW has also found that 44% of supportive lead structures have reduced umbrella limits over the same period, from an average limit of $20.1 million to $11.2 million today.
Lead umbrella carriers who write supported leads typically allow for lower attachment points and lower premiums than those who write unsupported lead umbrellas. From 2015 to 2017, supported leads didn’t correlate with low attachment points. Starting in 2017, the market has been demonstrating significant benefits of pairing the primary and lead to support much lower attachment points.
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