Even benchmark RREs see exposure rise under state-driven settlement factors
Settlement costs for Medicare-involved liability claims have increased significantly in recent years, according to Verisk’s 2025 Benchmark Report.
The report highlights trends contributing to higher claim values and suggests that a better understanding of these elements may support more effective claims management strategies among casualty insurers.
Between 2018 and 2024, the average total payment obligation to the claimant (TPOC) increased by 52%, while the consumer price index rose only 25% over the same period. The data indicates that settlement values are outpacing general inflation, and Verisk’s analysis points to several influencing factors.
Claims with attorney involvement reached an average TPOC of $51,000, compared to $…