Medmal (Medical malpractice)
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Civil case, nuclear verdict and claims count data show worrying trends. -
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.
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Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.
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Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
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Workers' comp saw an ongoing significant increase in losses.
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Deepika Srivastava will oversee claims, underwriting and risk management.
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