Large Loss Report

This annual report summarizes publicly reported major damage awards and settlements that affected K-12 schools, colleges, and universities in the previous year.

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Large Loss Report 2024

The Large Loss Report 2024 summarizes 71 publicly reported major damage awards and settlements of at least $1 million that affected K-12 schools, colleges, and universities in 2023.

These summaries are drawn solely from published accounts. Most public K-12 schools and public colleges and universities are subject to sunshine laws and, therefore, their settlements routinely appear in the public domain. However private or independent schools don’t typically have the same public reporting requirements and, as a result, their unreported claims don’t appear in this report.

The report highlights the effects of social inflation on educational institutions. From 2015 to 2020, the average cost doubled for United Educators (UE) primary general liability (CGL) and educators legal liability (ELL) claims. Defense costs are contributing significantly to increasing claims costs along with larger awards and settlements.

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Past Claims Trends

Large Loss Report 2023

Large Loss Report 2022

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