2017 Report of the Economic Survey

Liability insurance coverage and deductible by size of firm in 2016 (Q33-Q34)

Number of Firms Reporting

Mean (Average)

$1,000,000 $500,000 $1,000,000 $1,000,000 $3,000,000 $2,000,000 First Quartile 25%

Median (Midpoint)

Third Quartile 75%

Number of Attorneys in Firm

116 $11,500,862

$3,000,000 $1,000,000 $1,000,000 $2,000,000 $4,000,000 $4,800,000

$5,000,000 $1,000,000 $2,000,000 $2,000,000 $5,000,000 $5,000,000

All Firms One Two 3-5 6-10 11-30 31-100 101 or More All Firms One Two 3-5 6-10 11-30 31-100 101 or More All Firms One Two 3-5 6-10 11-30 31-100 101 or More All Firms One Two 3-5 6-10 11-30 31-100 101 or More

9

$922,222 $1,300,000 $1,952,381 $4,000,000 $4,723,529

10 21 19 34

Firm's maximum liability insurance coverage each claim in 2016

14 $15,942,857 $25,000,000 9 $90,222,222 $25,000,000 $50,000,000 $150,000,000 113 $22,451,327 $2,000,000 $4,000,000 $7,000,000 9 $1,488,889 $1,000,000 $1,500,000 $2,000,000 9 $1,666,667 $1,000,000 $2,000,000 $2,000,000 21 $2,761,905 $2,000,000 $2,000,000 $3,500,000 19 $5,789,474 $4,000,000 $5,000,000 $5,000,000 31 $4,922,581 $3,000,000 $4,600,000 $5,000,000 14 $30,928,571 $9,500,000 $35,000,000 $50,000,000 10 $175,500,000 $47,500,000 $115,000,000 $312,500,000 115 $180,800 $10,000 $25,000 $75,000 9 $8,611 $5,000 $5,000 $10,000 10 $9,750 $5,000 $7,500 $12,500 21 $14,738 $5,000 $10,000 $25,000 18 $16,806 $8,750 $10,000 $25,000 32 $68,594 $21,250 $50,000 $100,000 14 $175,714 $50,000 $125,000 $262,500 11 $1,395,455 $500,000 $1,000,000 $2,500,000 96 $402,865 $10,000 $25,000 $137,500 8 $9,063 $5,000 $7,500 $10,000 7 $8,929 $5,000 $5,000 $10,000 18 $15,972 $6,875 $12,500 $25,000 15 $22,167 $10,000 $20,000 $25,000 27 $144,444 $15,000 $50,000 $100,000 11 $388,182 $75,000 $320,000 $550,000 10 $2,975,000 $1,000,000 $2,500,000 $5,250,000 $7,250,000 $17,500,000

Firm's maximum liability insurance coverage total in 2016

What was the liability insurance deductible each claim in 2016?

What was the liability insurance deductible total in 2016?

AIPLA Report of the Economic Survey 2017 F-26