Medmal hardening to continue amid nuclear verdicts and fresh legislation
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Medmal hardening to continue amid nuclear verdicts and fresh legislation

Farhin Lilywala
January 24, 2023
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Sources expect medical professional liability (MPL or medmal) rates to increase by an average of 10%-15% as a base case scenario across sub-classes through 2023, as severity remains elevated driven by nuclear verdicts and as insurers price in the risk from staffing shortages.

Some insurers may raise rates up to 40% to account for increased exposure from unfavorable legislation, especially in the already tough climate of New York, sources added.

Breaking

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NewsMedmal (Medical malpractice)
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Farhin Lilywala
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