2026-27 CITY OF TEMPE SOTM PRESENTATION TO RMTB 04-22-26 FINAL.PDF

City of Tempe, AZ
State of the Market 2026-27 
Public Entity Insurance Marketplace, 
Trends, Industry Issues and Outlook
Alliant Insurance Services
www.alliant.com
Presented by:
Shawn Kraatz, Senior Vice President
Pamela Dominguez, First Vice President
April 22, 2026  Presentation to RMTB 
(THIS INFORMATION HAS BEEN CONSOLIDATED FROM VARIOUS INDUSTRY SOURCES)

Market Conditions
Impactful issues for insureds 
2
Two consecutive years of Insurer profitability – driven 
by increased rates rather than reduced loss activity
• 2023 totaled $108b in Global Insured CAT losses, 
US responsible for 80%
• 2025 marks the 6th consecutive year global 
losses >$100b 
• Through Q3 2025, $105b insured losses globally 
(lowest since 2019, 2015-2024 average $114b)
02
The first 3 quarters of 2025 resulted in $90b in insured losses in the US, accounting for 86% of 
global insured losses. Palisades and Eaton Fire in CA were responsible for $40b of these insured 
losses. 2025 marked the 3rd consecutive year US SCS insured losses through Q3 exceeded $40b. 
03
Property capacity:
• Return to stability from incumbents
• Coastal, Earthquake and wildfire 
capacity continue to come under 
greater scrutiny
• Targeted growth from new and 
incumbent markets alike
01
Property
Consistent increases in attritional property losses (fires, water damage, tornados, hail, wildfires). 
7 consecutive years where Secondary perils have surpassed Primary. Are secondary perils 
‘secondary’ anymore? 
04
The threat of tariffs have brought inflation concerns back to the forefront of the property 
insurance community’s minds
05
Reduced liability capacity and withdrawals have been 
significant over the past two years
01
Liability
Social inflation & Litigation Financing driving up liability 
verdicts and settlements
02
Excess Workers Compensation remains stable, but retained 
layer may be experiencing increased claims volume
03
01 Cyber capacity has improved and creating stabilized terms 
and conditions 
Cyber
Ransomware cyber losses are systemic – Expecting $10 
Trillion by 2025
02

Market Trends
By Product Line
3
Product Line
Pricing
Capacity
Retentions
Coverage
PROPERTY
Challenged Exposures
Non-Challenged Exposures
Standalone Earthquake
Builder's Risk 
CASUALTY
General Liability
Automobile Liability
Workers’ Compensation
Umbrella Liability
Excess Liability
Pollution Liability*
MANAGEMENT & PROFESSIONAL
Cyber
Employment Practice Liability
Fiduciary
Fidelity/Crime
*Denotes Site Specific Pollution
Color Key
As a buyer, is that movement positive, neutral, or something 
that could present a challenge during my renewal?
Positive change
Neutral/No change
Potential Challenge
Arrow Key
What direction are pricing, capacity, limits, deductibles and 
coverage moving?
Decreasing
Increasing
Stabilizing/No change

4
Capacity
•
The first half of 2025 has been characterized by 
one of the most rapid improvements of market 
conditions for Insureds in decades. Early 
indications through the first part of Q1 were for 
a stable, yet soft market which favored buyers. 
Capacity supply has far exceeded demand, 
resulting in carriers struggling to secure 
placements and retain existing business. As the 
year progressed, many carriers — driven by 
ambitious growth targets for 2025 — responded 
with increasingly aggressive underwriting 
tactics. Shared and layered programs are 
frequently seeing subscription levels above 
150%, which is putting downward pressure on 
rates as brokers work to optimize renewal 
outcomes.
•
The year began with historic wildfires in 
California, and the frequency and severity of 
severe convective storm (SCS) losses have 
continued their upward trend. By midyear, 
insured losses have already surpassed $60B — 
even before the start of hurricane season. While 
challenging geographies such as California, 
Florida, Louisiana, and Texas, along with loss-
impacted programs, may continue to face minor 
headwinds, the market currently offers ample 
capacity to navigate these difficulties
Coverage
•
For most programs, coverage remains relatively static. Insureds with 
non-concurrencies and/or lower sublimits for minor coverages are 
able to improve these limits, even if only slightly, due to the 
increased competition that has ensued from new markets, as well as 
existing capacity that may be trying to stay competitive or expand on 
a program. For Insureds seeking to enhance specific, major areas of 
their programs, those options are generally available; however, they 
may require accepting lesser rate reductions than those applied to 
programs renewing strictly on a “per expiring” basis. 
•
The underwriting emphasis on valuations is here to stay. Insurers 
now expect insureds to present a proactive valuation philosophy and 
narrative. Ideally, this includes a formal process — preferably 
supported by a third-party appraisal firm — that ensures values are 
regularly and appropriately updated. At a minimum, property values 
should be trended to reflect ongoing inflationary pressures and align 
with relevant regional cost indices, particularly those related to 
increased costs associated with rebuilding. 
•
Ongoing uncertainty in global trade relations has further heightened 
carrier sensitivity to construction cost volatility. In the absence of a 
compelling valuation narrative or adequate supporting data, 
underwriters are continuing to rely on provisions such as Occurrence 
Limit of Liability (OLLE) or Margin Clauses. Additionally, programs 
without credible valuation approaches may see reduced competition 
from new markets.
Retentions
•
Overall, Insureds that have 
addressed their retentions 
and deductibles since the 
onset of the increased 
inflationary environment 
(2020) should experience 
minimal pressure on 
retention levels. However, 
we are not yet in a market 
environment where 
reduced retentions are 
provided without strong 
justification. Any 
consideration for a 
reduction typically requires 
compelling, data-driven 
support — or may come at 
the expense of reduced 
premium credits.
Pricing
•
Two consecutive years of 
profitability for the D&F markets 
has allowed for increased 
competition, as carriers pursue 
both organic and inorganic growth. 
Pricing and rate outcomes will 
continue to depend on a range of 
factors, including individual risk 
profile, loss history, industry class, 
the carriers’ view of rate adequacy, 
and any improvements 
implemented at the account level. 
Programs that performed well 
during the hard market phase may 
begin negotiations from a lower 
pricing baseline and, as a result, 
may experience less downward 
movement at renewal. 
Nonetheless, 2025 looks to be the 
most favorable pricing environment 
for loss-free, well-organized buyers 
in more than 7 years.
CAT Property with Poor Loss History or Risk Quality: 
-5% to 5%
CAT Property with Good Loss History or Risk Quality:
-20% to -10%
Non-CAT Property with Poor Loss History or Risk Quality: 
-5% to 5%
Non-CAT Property with Good Loss History or Risk Quality:
-15% to -5%
Property (As of Q2 2025)

Casualty (As of Q2 2025)
Rate Trends
“Low End”
“High End”
General Liability
3%
10%
Automobile Liability
5%
30%
Workers’ Compensation
-5%
5%
Umbrella Liability
5%
25%
Excess Liability
5%
25%
Pollution Liability (Site Liability)
Flat
10%
Capacity
Coverage
Retentions
Pricing
Capacity is readily available for less complex 
risks and new insurer capacity continues to 
enter the market. Underwriting remains 
disciplined, with capacity still constrained for 
difficult risks. Some insurers have pulled out of 
certain classes of business and market sizes all 
together.
Auto liability capacity continues to be limited 
due to rising claim frequency & severity, and an 
uptick in Hired and Non-owned losses.
PFOS and PFAS exclusions are generally non-
negotiable. Biometric data collection related 
underwriting questions and exclusions are 
increasing at a rapid pace due to tort law 
concerns. Seeing increased use of Abuse & 
Molestation, Assault & Battery, Wildfire and 
Traumatic Brain Injury exclusions.
Emerging concerns regarding reliance on Artificial 
Intelligence (AI) and its implications. ESG/climate 
risk concerns continue to be on the rise.
Pressure remains on retentions. Attachment points 
should be analyzed and adjusted depending on risk 
appetite, with data, analytics and modeling tools 
utilized to make informed decisions. Alternative 
solutions, such as corridor deductibles and buffer 
layers, are becoming more common.
Auto repair costs (labor, parts and materials) keep 
rising, as does attorney representation in auto 
losses, and are contributing factors to the 
continued distressed auto market and continued 
significant rate increases.
Workers Compensation remains the most consistent 
profit generator for insurers. 
Legal system abuse (social inflation) and third-party 
litigation funding (TPLF) are driving an increase in the 
frequency of severity losses. State and federal 
lawmakers need to be more aggressive in tackling 
these abuses which are producing runaway jury 
verdicts and negatively impacting insureds. 
5

6
P/C Insurance Industry Combined Ratio, 2001–2025F*
*Excludes Mortgage & Financial Guaranty insurers 2008–2025F.
Sources: A.M. Best, ISO (2001-2023). S&P Global Intelligence (2024).
115.8
107.5
100.1
98.4
100.8
92.6
95.7
101.0
99.3
101.1
106.5
102.5
96.4
97.0
97.8
100.7
104.0
99.6
99.2
98.8
100.0
103.1
101.6
96.5
98.5
90
100
110
120
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25F
As Recently as 
2001, Insurers Paid 
Out Nearly $1.16 
for Every $1 in Earned 
Premiums
Relatively 
Low CAT 
Losses, 
Reserve 
Releases
Heavy Use of 
Reinsurance 
Lowered Net 
Losses
Relatively 
Low CAT 
Losses, 
Reserve 
Releases
Higher CAT 
Losses, Shrinking 
Reserve Releases, 
Toll of Soft Market
Lower CAT 
Losses
Sharply higher 
CATs are driving 
large underwriting 
losses and pricing 
pressure
COVID-19 has 
had no discernable 
net impact on 
the combined 
ratio in 2020
Best 
Combined 
Ratio Since 
1949 (87.6)
Sandy 
Impacts
Ian & Inflation 
Impacts
2024 96.5
Avg. CAT 
Losses, More 
Reserve 
Releases
2024 was the best underwriting performance since 2013
2022-2023 were the industry’s worst underwriting performances since 2017

7
Major U.S Losses in 2025
• Through June of 2025, there have been 14
confirmed weather/climate disaster events 
with losses exceeding $1 billion each that 
affected United States. 
• These events included:
• 12 severe storm events
• 1 wildfire event
• 1 hail event
• Several potential billion-dollar events from 
2025 are still being assessed:
• Early-May: Southeastern and 
Southern severe storms and 
flooding
• Early-July: Central Texas flash 
flooding
• Mid-July: Central and Eastern severe 
storms
• Mid-August: North Central severe 
storms and flooding
Source: Climate Central 
https://www.climatecentral.org/climate-services/billion-dollar-disasters

8
Trend and Valuation │ Construction Inflation & Claims
Accurate insurable values ensure 
policyholders can recover fully from losses, 
covering repairs or replacements without 
unexpected costs, regardless of market
conditions.
Maintaining accurate insurable
values support market stability and
reliability. It builds trust between
insurers and policyholders,
promoting a transparent and
healthy insurance environment.
Market Trust
Proper Compensation
July 2025 Construction Cost Trends
3.0%
1.0%
2.6%
1.0%
ENR – Building 
Cost Index
FM – Composite
July – July
MSB – Average of 
all Construction
BLS: Construction Cost
01
02
Rising construction costs, driven by supply chain 
disruptions, inflation, and labor shortages, are 
creating volatility in material prices and elevating 
expenses.
Insurers are struggling to estimate 
replacement costs accurately, prompting 
premium increases, stricter underwriting, 
and heightened renewal scrutiny.
Property owners and risk managers must 
proactively update property valuations to maintain 
adequate coverage in this shifting insurance 
environment.
03
WWW.cbiz.com/valuation
Even with a stabilizing property insurance 
market and more favorable conditions for 
buyers, accurate insurable values remain 
critically important for several reasons:
In a buyer-friendly market, accurate 
insurable values provide leverage in 
negotiations, allowing policyholders to 
secure fair premiums and comprehensive 
coverage based on precise valuations.
Negotiation Leverage
Avoiding Penalties

Casualty Market Drivers
9
General Liability & Excess Liability 
Increase in Catastrophic Losses
• Sexual Misconduct
• Law Enforcement Liability
• Lifetime Care Costs
• Punitive Damage Awards
Organized Plaintiff Bar
• Litigation Financing
• Settlement pressure driven by Nuclear 
Verdict Potential 
Inflationary Pressures
• Social Inflation
Auto Liability 
Cost of vehicles (inflation)
Workers Compensation 
Cost to repair (technology)
Fatality Trends
Distractive Driving – Cell Phones
Robotaxis
Rising medical costs
Rapid rise of litigation costs
Use of Autonomous Driving
Increased fleet use of Electric Vehicles
Aging Workforce
Medical Cost Inflation
Cancer & PTSD Presumptions
Workplace Violence
Medical Service Delays
Out of State Exposure
Accident Survivability
Mental Health
Aging Infrastructure
Lack of market participation

Social Inflation: Legal System Abuse
10
Source: Marathon Strategies: Corporate Verdicts Go Thermonuclear 2025 Edition
Insurance claim costs
Increasing 
Propensity to Sue
Size of Jury 
Awards
Aggressive 
Plaintiff Bar Ads
Litigation 
Financing
Growing Distrust 
of Large Corps.
Changes in Regulatory 
and Legal Environment
Courts/Juries 
Favoring Plaintiffs
Number of reported 
thermonuclear verdicts 
over $100 million 
increased to 49 in 2024
Nuclear verdicts
2024
135
Number of nuclear verdicts 
that surpassed $10M, 
a 52% increase over 2023
$31.1 billion
Total sum of nuclear verdicts
$51 million
Median nuclear verdict

Number of 
corporate 
thermonuclear 
verdicts ($100M+): 
2009-2024
11
Sedgwick: Liability litigation observations and trends Summer 2025
0
10
20
30
40
50
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Number of corporate thermonuclear verdicts ($100M+): 2009-2024

Factors Driving 
Up Values
12
Anchoring
• Arbitrary numbers
• Lump sum or per diem
• The more you ask for, the more 
you get
• 1/3 of states limit anchoring 
in some way
Reptile Theory
• Use juror anger to instill a sense 
of fear or danger in jurors’ minds 
so they lash out at the perceived 
attackers (i.e. the Defendants)
• Use safety rules to divert the 
jurors’ attention away from the 
real legal standard
And…
• Law Firm Advertising
• The Plaintiff’s Bar
• Third Party Litigation Funding
• Legislative changes
• Increasingly negative 
sentiment towards perceived 
bad actors or institutions

Contributing Factor to 
High Tort Payouts: TPLF
13
Gen Re: Who’s Really Behind That Lawsuit? – Claims Handling Challenges From Third-Party 
Litigation Funding https://www.genre.com/us/knowledge/publications/2025/august/claims-
handling-challenges-from-third-party-litigation-funding-en
Increasing the volume of litigation 
External capital through TPLF has enabled law firms – including small law firms – to expand plaintiff 
recruitment efforts through increased advertising
01
Increasing settlement values 
Plaintiffs are seeking greater recoveries to satisfy their obligations to the funder. Because the rates 
of repayment are so high, plaintiffs are rejecting fair settlement offers to seek extra money to make 
up the amount they must repay
02
Increasing litigation costs 
Since plaintiffs are receiving money up front, they have little incentive to settle a case early 
and reasonably, which will lead to longer and costlier litigation. Businesses and insurance carriers 
will have to decide whether they are willing to pay more early on to resolve a case or pay the extra 
costs and expenses to litigate
03
Increasing frivolous claims 
TPLF may incentivize plaintiffs to pursue frivolous lawsuits, especially in cases where the potential 
payout is very large, such as cases involving Commercial Auto and Umbrella policies
04
Increasing premiums 
The increased cost of TPLF is being passed down to the policyholder, resulting in higher insurance 
premiums. TPLF pushing up settlement and verdict size has had the greatest effects on premiums. 
In the first quarter of 2025, Commercial Auto and Umbrella had the highest average increases 
in premiums out of all lines of 10.4% and 9.5%, respectively
05
Third-Party Litigation Funding

Third-Party Litigation Funding – Court Progress* 
14
*As TPLF regulation progresses at state level, US House of Reps is advancing HR 1109 – The Litigation Transparency Act of 2025, which would regulate TPLF in federal court cases.
Over 315 signatories of the April 2025 Coalition Letter to the USHR included supporting insurers, chambers of commerce, public and private companies. Introduced but did not 
pass both houses.  
Gen Re: Who’s Really Behind That Lawsuit? – Claims Handling Challenges From Third-Party Litigation Funding
https://www.genre.com/us/knowledge/publications/2025/august/claims-handling-challenges-from-third-party-litigation-funding-en
Third-Party Litigation Funding
States where TPLF is Discoverable
West Virginia
06
Wisconsin
07
Georgia
01
Indiana
02
Kansas
03
Louisiana
04
Montana
05
States where TPLF Bills are Pending
Arizona
01
California
02
Colorado
03
Delaware
04
Florida
05
Illinois
06
Iowa
07
Kentucky
08
Maryland
09
Massachusetts
10
Missouri
11
Nevada
12
New Hampshire
13
New Jersey
14
North Carolina
15
Ohio
16
Oklahoma
17
Rhode Island
18

15
Auto Liability
$30M
$30M
$25M
$24M
$36M
$52M
$24M
$89M
$29M
$28M
$30M
$35M
$98M
$117M
$54M
$80M
$0M
$20M
$40M
$60M
$80M
$100M
$120M
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Average Amount (FY)
Narrower Spread
Wider Spread
Source: Zywave Casualty Data
NOTES:
Analysis considers US only Automobile Liability cases with recorded settlement or award value greater than $15M
Dollar amounts are unadjusted for inflation and economic trends
Large claims are getting larger.
01
Large claims are becoming less predictable. 
02
Insurance carriers prefer predictable risks. 
03
Instability leads to higher premiums.
04
Automobile Liability Large Case Average Settlement Amount by Disposition Year

Artificial Intelligence: Impact to Public Entity Risks
16
As Artificial Intelligence makes its way into governance
Key Risk Exposures for Agencies
Civil rights & due process
Potential bias in policing, 
benefits, hiring, housing 
decisions
Decision errors
Hallucinations, 
automation mistakes → 
liability, action reversals
Data & IP
Training-data ownership, 
copyright claims, public 
records obligations
Cybersecurity
Prompt injection, data 
leakage, model theft
Procurement/vendor risk
Third-party AI tools 
expose agencies 
to contractual 
and liability gaps

Artificial Intelligence: Impact to Public Entity Risks
17
As Artificial Intelligence makes its way into governance
•
Cyber: Tighter underwriting, AI-related exclusions or sublimits
•
E&O/Public Officials: Errors from AI-driven decisions 
may be contested
•
Media/IP: Generated content can result in copyright & 
trademark claims
•
EPL/Civil Rights: Bias in hiring/benefits decisions could result in 
discrimination claims
•
Map AI inventory (supports underwriting)
•
Align with NIST RMF for governance & testing: 
https://csrc.nist.gov/projects/risk-management/about-rmf 
•
Run rights & safety impact reviews; keep human-in-loop
•
Strengthen vendor contracts (data, bias, indemnity)
•
Tune coverage: Confirm no broad AI exclusions
•
Resource for Public Entities:
https://www.sanjoseca.gov/your-government/departments-
offices/information-technology/ai-reviews-algorithm-
register/govai-coalition
Insurance impacts
What agencies can do

Worker’s Compensation
18
Accident frequency has 
been steady or slightly down
The “relatively” stable line 
of coverage in recent years
However, severity continues 
to trend upward and there 
are some disturbing trends 
to keep an eye on
Hardening Market?

Worker’s Compensation Trends/Outlook
Trends to Watch
19
Rising medical costs for catastrophic claims: 
• Accident survivability
• Increased life expectancy for catastrophically injured workers
• Higher costs for medical care technology
• 30% increase in claims incurred over $10M in last 3 years
01
Enhanced care with AI tools
02
Inflation, tariffs and stress on our medical system
03
The risk and needs of an aging workforce
04
Legal claim costs
05
Uptick in cumulative trauma claims
06
Mental health claims
07
Return to office
08

The cyber market has started to stabilize in terms of large premium swings. 
Public  Entities with improved hygiene and no losses, may see flat to minimal 
increases.
 
The uptick in demand for coverage has helped to stabilize pricing across the 
industry, as smaller risks are seeing the need to implement. 
The cyberthreat landscape continues to be volatile and complex. Larger risks are 
seeing increase in Ransomware demands and an increase in incidents. 
Healthcare and financial services continue to incur higher claim costs due to the 
data they handle and regulatory guidelines they are forced to comply with. 
Cyber insurance should be viewed as a tool that complements a robust 
cybersecurity posture, and not a replacement for security measures. 
Cyber insurance is projected to grow rapidly over the next decade, driven by 
increasing digitization of the global economy and rising concerns about cyber 
risk. 
State of 
the Cyber 
Insurance 
Market
20

Current State of Cyber Claims
Ransomware 
Payments
Payments made by victims to 
ransomware groups totaled 
$814M in 2024, down 35% 
from the record-high of 
$1.25B in 2023. (3) This is the 
first time ransom payments 
have declined since 2022.
(1)
NetDiligence Cyber Claims Study 2024 Report
(2)
Chainalysis cryptocurrency tracking data
(3)
IBM Cost of a Data Breach 2024
(4)
Duane Morris Class Action Review 2025
As measured by the number of claims over the past 
5 years, the financial services sector is among the 
top 5 most affected industries, which as a group 
account for 52% of all claims and 59% of total 
incident cost. (1)
Ransomware and Business Email Compromise are 
the leading causes of loss. (1)  The US has the highest 
average cost of a data breach of any country at 
$9.36M. (3) However, the percentage of attack victims 
paying a ransom has declined over the past five years 
as business are relying more on restoration, backups 
and remediation strategies.
Data breach class actions are at record levels. There 
were 1,488 data breach class action filings in 2024, 
up from 1,320 in 2023 and more than double the 
amount in 2022. (4) The number of filings has risen by 
1,265% over the last 6 years.
21

22
Data Integrity (SOV, COPE, Insurance-to-Value)
•
Must go to market with a compelling 
narrative
•
Emphasis on data quality here to stay
2026 outcomes will be highly dependent on 
remainder of 2025 Wind Season and 
individual client losses 
Retentions and caps on certain types of 
exposure
•
Programs that have not undergone changes 
over the course of the last few renewal cycles 
may face scrutiny on deductible if there have 
been frequency issues
•
Separate, increased Water Damage 
deductibles are gaining momentum
•
ACV on older roofs
•
Several new markets ‘open for business’ 
for Property deals
•
Growth is an emphasis for nearly 
all carriers 
Underwriter submission activity remains 
high – imperative to engage early and access 
global market
Property Outlook: Tier 1/CAT Exposed/Loss Driven 
• Nearly all programs seeing massive oversubscription due to combination 
of new markets and incumbents looking to grow
• Excess limits available for Insureds looking for pre-2023 program limits
• Insureds whose exposures fall into this “tier,” should expect to see rate 
outcomes highly dependent upon individual loss experience and risk quality
• Loss-impacted portfolios in difficult geographies (California, Florida, 
Louisiana and Texas) may see slightly less favorable outcomes than 
loss-free peers
• Markets view rates as more attractive on CAT Exposed risks, with 
carriers willing to entertain new business as long as it hits internal 
metrics and has appropriate deductible structures in place and good 
risk quality
• No anticipated changes for customary percentage deductibles for 
Named Wind
Property Outlook: Non-CAT with Favorable Loss Experience
• As a function of the market as a whole and the capacity that will be 
available for the 2026 renewal cycle, we anticipate a continually 
improved environment for buyers, potentially to a lesser degree than 
we saw in 2025
• Challenged occupancies aside, capacity on Non-Cat business with 
favorable loss experience will continue to be available, which in turn 
should promote competition leading to lower pricing/rate relief
• Non-Cat accounts will continue to be faced with the same ITV 
challenges facing CAT exposed and loss driven portfolios. 
Differentiating your philosophy towards risk management will be key 
(risk control, valuations, etc.)
Property 
Renewal 
Outlook

Liability 
Outlook
Excess liability 
continues to face 
upward pressure 
23
•
Aggregate limits – Many carriers are looking to cap their exposure on pool programs
•
Attachment point/Retentions are being closely examined
•
Changing capacity – Incumbent reductions & new entrants
•
Underwriter scrutiny on Law Enforcement and Sexual Abuse/Misconduct coverages
•
Emerging Exclusions: Is AI next?
Specific Problem areas that continue to persist
Insurers reporting YOY loss cost increases from the high single digits to 15%+. 
Pricing will be based on losses and jurisdiction. 
Additional Considerations
•
Best in class risks continue to differentiate themselves with markets
•
Data is king
•
Risk management & risk control
•
Alternative Risk/Structured Solutions

Workers Compensation 
Outlook & Leading 
Concerns
Law Enforcement Workers’ Compensation Claims are Skyrocketing
•
The leading factors giving rise to more workers’ compensation claims being filed 
by law enforcement personnel are:
•
Post-traumatic stress disorder, both as to severity and frequency;
•
Increasing law enforcement on-the-job violence
UnderwriterConcerns: Per Occurrence exposure to CAT loss; rate adequacy
Remote Work: Out of State employees & impact on productivity and compliance
Rate Expectations: Account Specific 
Trends to Watch:
• Increase in state legislative bills filed for Presumptive and PTSD benefits
• Low unemployment
• Payroll increases
• Data analytics and AI emerging in claims handling
• Increased severity of workplace injuries
• Mental health exposures
• Medical marijuana
• Medical inflation & Prescription Drug Costs
• Workplace violence
6
4

Thank you!