The U.S. medical professional liability (MPL) insurance segment continues to produce favorable results, with better-than-average profitability for more than a decade. However, according to a new A.M. Best Special Report, the MPL market remains pressurized, resulting in a longterm trend of declining premiums, rising underwriting ratios and diminishing reserve redundancies. The Best’s Market Segment Report, […]

In March, the Trump Administration unveiled its Fiscal-Year 2020 budget proposal, outlining the President’s tax and spending priorities for the next decade. While the president’s budget proposal is simply a request with no binding authority on Congress, it is best understood as a detailed statement by the administration of its fiscal goals and policy preferences. […]

For primary care physicians, diagnostic errors are the leading type of malpractice claim, accounting for the highest proportion of indemnity paid, according to a just-released Primary Care Red Signal Report from Coverys. The analysis of primary care claims is the second in a planned series of claims-trend reporting intended to identify risks and illuminate safety […]

The MPL Association, the organization representing the medical professional liability (MPL) insurance community, issued a reminder that its annual Conference will take place May 15-17 at the Marriott Portland Waterfront Hotel in Portland, Ore. The Conference is open to both MPL Association members and non-members. The Association also noted that advance registration for the 2019 […]

Physician burnout impacts every aspect of healthcare delivery — quality, safety, cost and human resource. And physician burnout is on the rise — with almost 55 percent (up from 45 percent in 2011, according to one study) of all doctors currently reporting diminished professional satisfaction and an increase in emotional exhaustion. The term “physician burnout […]

Watch Episode 1 here. Our new Healthcare Matters series will take a deep dive into the financials of the medical malpractice insurance industry for each financial quarter. Episode 1 takes a look at the second quarter of 2018. Discussing the financials of Q2 of 2018 is Eric Wunder, a consulting actuarial at Milliman Inc. Mr. […]

MLMIC Insurance Co. announced last month the completion of its conversion from a property-and-casualty mutual insurance company to a property-and-casualty stock insurance company and the finalization of its $2.5 billion acquisition by National Indemnity Co., a subsidiary of Berkshire Hathaway Inc. The conversion and acquisition followed a September 6 approval by the Superintendent of the […]

There is an interesting article in the New York Times titled A Sense of Alarm as Rural Hospitals Keep Closing that looks at a growing trend happening in the hospital space.  Rural hospitals are closing their doors and this is affecting Americans all over the country.  Some of the eye-opening facts in the article: Since […]

The family of Prince has filed a medical malpractice lawsuit against a doctor in which the family feels he failed Price by failing to treat his opioid addiction and providing him with narcotics without a proper prescription. The Minnesota lawsuit also names the physician’s former employer, North Memorial Health, Walgreens and UnityPoint Health as defendants.  […]