IBC Presentation

Loss Trend Factors Oliver Wyman and Dr. Ron Miller both project that claims costs for several coverages will increase considerably over the next year. Future Loss Cost Trend Factors Injury claims costs are projected to rise significantly. Both actuaries project modest vehicle damage future trend rates. Insurers should be permitted to consider CPI data in rate filings to capture changes in various CPI elements. OW Dr. Miller Of note: TPL-BI +5.0% +4.2% TPL-PD +1.0% +2.6% AB +11.0% +8.8% COLL +2.0% +3.6% COMP +4.0% +3.1% IBC with data from Oliver Wyman, Dr. Ron Miller. 10 10

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