We analyze casualty insurance financial results, with P&C insurers reporting $7.8 billion in adverse prior-year development across all liability lines, about 1.5% of prior reserves.

For the second quarter of 2020, the property and casualty insurance industry published financials that show a decline in net premium, mainly attributable to COVID-19.

It’s important to consider the impact of potential legacy losses not only in the context of establishing an appropriate reserve, but to form a view of the load for mass torts needed to price current policy years.

The U.S. property and casualty insurance industry as a whole has experienced significant deterioration in loss ratios for general liability in calendar years 2015 to 2018.

Asbestos is one of the most mature mass torts, with litigation to date spanning over 30 years. In spite of this, projecting the financial responsibility that will fall on the shoulders of the asbestos defendants, and the insurance companies that