Medmal (Medical malpractice)
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The new chief executive has served on PI’s board since 2018, including as chair. -
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.
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PL coverage is being stripped out of admitted, packaged policies and increasingly purchased in the E&S market.
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The FTC granted early termination of the waiting period, leaving the acquisition on track to finish in early 2026.
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The vote paves the way for the finalization of the deal in the first half of 2026.
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Tariffs could drive up property loss costs, but the impact on other items has been muted.
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The impact of SAM claims is reverberating through the tower and the broader marketplace beyond hospitals.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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What insurers can learn from the history that led to this deal.
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ProAssurance brands will be transitioned to The Doctors Company in "all/most markets" over time.
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The Californian insurer is buying the medmal carrier for $25.00 per share, or a ~60% premium.
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The executive is returning to Tysers after nearly four years at Price Forbes.
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Profitability over growth continues to be the company’s “mantra”.
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Frequency has rebounded, while severity has spiked beyond the pre-Covid-19 years.
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Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
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Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
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The carrier will only continue to offer lead capacity to some existing accounts.
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The all-items CPI increased 2.5% over the last 12 months.
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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
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Civil case, nuclear verdict and claims count data show worrying trends.
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Rand said the company remains “very bullish on the long-term value that NORCAL brings.”
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Reserve releases in workers' comp may have been premature despite industry confidence.
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The all-items CPI has increased 3.4% over the last 12 months.
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The carrier’s comments on claims severity should serve as a warning for the industry
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Yesterday, the carrier reported its Q1 CoR improved 2.3 points to 111.6%, reflecting a better CAY loss ratio.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
