Inflation Sensitive Exposure Bases for General Liability Insurance [Review]

"Inflation sensitive exposure bases" is a particularly well-timed discussion subject. Our industry is in the process of making some major revisions in how we handle general liability insurance. Several of these revisions relate to exposure bases. We have hopes of using only one exposure base for all general liability coverages for an individual classification. This will allow simpler manual rating and improved experience rating plans. We also have hopes of adopting inflation sensitive exposure bases for the OL&T coverage. This will help premiums keep pace with inflation without frequent rate changes.