Nationally Medical Professional Liability (medical malpractice) premiums have been flat, declining, or had substantial coverage endorsements added over the past decade. What could bring this to an end and again cause premiums for physicians and hospitals to rise? The conventional wisdom is one if not two critical indicators would have to change. Critical indicator #1 is frequency or the number of medical malpractice suits filed. Critical indicator #2 is Severity or size of losses. The 2011 year brought some interesting developments. According to Hiscox (super losses in US healthcare on the rise), the frequency of catastrophic claims has increased. For … Continue reading
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