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There’s nothing medical about SAM claims. -
Northeast Insurance said 55 claims were brought under the Child Victims Act.
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The new chief executive has served on PI’s board since 2018, including as chair.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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Sexual abuse and molestation exclusions are starting to hold in higher layers of hospital towers this year.
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The change reflects the insurers’ recent deal with ProAssurance.
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Despite tort reform, physicians’ insurers are struggling with the same loss inflation challenges as other liability peers.
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While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
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High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
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An industry veteran of 34 years, the executive is known for placing US healthcare business in London.
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Rising inflation could raise claims severity but also increase investment income.
