Medmal (Medical malpractice)
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Quota share is less common in the medmal space, where layered and shared structures have been dominant. -
California may not be the only state to see non-economic damage caps in medmal get challenged.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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There’s nothing medical about SAM claims.
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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.
