Table 2.
Resolution | Closed claims | Paid claims | % Paid-to-closed | Average indemnity | Average defense expense | % of all closed claims | % of all paid claims |
---|---|---|---|---|---|---|---|
Dropped, withdrawn, or dismissed | 4,463 | - | - | $0 | $25,996 | 65.9% | 0.0% |
Settled | 1,549 | 1,549 | 100.0 | $297,709 | $55,260 | 22.8% | 86.1% |
Verdict-defendant | 477 | - | - | $0 | $111,446 | 7.0% | 0.0% |
Verdict-plaintiff | 38 | 38 | 100.0 | $816,909 | $159,716 | 0.6% | 2.1% |
Alternative dispute resolution/Contract | 222 | 193 | 86.9 | $279,380 | $70,986 | 3.3% | 10.7% |
Unknown | 30 | 19 | 63.3 | $600,526 | $55,001 | 0.4% | 1.1% |
TOTAL | 6,779 | 1,799 | 26.5 |