The medical malpractice insurance sector is going through significant changes due to various economic and operational factors.

Implications of Shifts in Liability Coverage

Physicians and healthcare administrators are concerned about the implications of these shifts, particularly regarding their liability coverage.

Understanding Medical Professional Liability (MPL) Insurance

Understanding the nuances of medical professional liability (MPL) insurance becomes essential for practitioners in this complex environment.

Factors Considered When Selecting an MPL Carrier

When selecting an MPL carrier, physicians consider the financial strength of the insurance provider and its geographic reach.

Transition from Soft Market to Stable Environment

The market has transitioned from a soft market to a more stable environment, with some experts suggesting it is stabilizing rather than becoming outright hard.

Impact of Consolidation in the Healthcare Industry

Consolidation in the healthcare industry has reshaped the medical malpractice landscape, with approximately 75% of physicians in the United States now employed by hospitals or private equity groups.

Advantages and Disadvantages of Consolidation

This consolidation brings both advantages and disadvantages for physicians.

Increase in Large Verdicts Against Physicians

There has been an increase in large verdicts against physicians in recent years, attributed to strategies employed by skilled plaintiff attorneys.

Importance of Timely Assessment and Quality Defense Counsel

Timely assessment of claims and quality defense counsel are crucial in managing risk.

Staying Informed for Informed Decisions and Strategic Plans

Physicians and healthcare administrators must stay informed about these trends to make informed decisions and strategic plans in the healthcare sector.