Selective property loss cost trend assumption at 7% on increased severity impact: CEO

February 03, 2023

Selective CEO John Marchioni said that the company is incorporating a loss cost trend assumption of 7% for property, compared to 4% a year ago, driven by increased inflationary impacts on severity.

Speaking to analysts on a conference call, the executive noted that the carrier also increased its casualty loss cost assumption to 6% from 5.5%,

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