When the clock struck midnight on the last day of 2020, it marked the end of a year marred by catastrophe—the outbreak of COVID-19, high-profile data breaches, opioid litigation, and corporate scandal, to name a few.
Products liability losses were more severe in 2020 than any year in the past decade, accounting for $11 billion in losses within the top five industries. To put the year in perspective, we decided to look back at some of the largest and most notable losses of 2020, which may consequently provide insights for loss trends in 2021.
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