Defense and cost containment (DCC) expenses for certain lines of property/casualty insurance business are elevated compared with other lines; in particular, medical professional liability and product liability, according to a new AM Best report. DCC expenses include defense, litigation and medical cost containment—essentially, the cost of settling a claim. The Best’s Special Report, “Defense-Related Loss… Continue reading Best’s Special Report: Insurers’ Defense-Related Loss Costs Rising for Lines of Business Most Susceptible to Litigation
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