In general, maximum levels of losses in the property-casualty industry are more predictable for liability lines than for property lines.

Question

Quizplus · Accepted Answer

Liability lines often involve complex legal issues and can result in unpredictable, large settlements or judgments, making losses less predictable compared to property lines, where losses are more directly related to physical damage and can be more accurately estimated.

In General, Maximum Levels of Losses in the Property-Casualty Industry