Medmal (Medical malpractice)
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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.
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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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The executive will be responsible for formulating and implementing the healthcare liability segment’s strategy and approach to underwriting.
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The AI-driven platform, backed by Rubicon, Oak HC/FT and Optum, will offer customized pricing for physicians and real-time quoting and binding for brokers.
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In an interview with this publication, the executive added that jury sentiment is driving these large awards.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Anat health insurance leader Jim Stelling will join Core as part of the deal.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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On Thursday, the bill passed 70-40 in the state House of Representatives, after passing the Senate 26-13 last week.
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On Thursday, the bill passed 70-40 in Florida's House of Representatives, after passing the Senate last week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The legislation contemplates limiting the time frame to terminate a pregnancy to six weeks from 15 weeks, among other things.
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The act would have increased the number of “close family members” that could have sought compensation in wrongful death cases.
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Inside P&C’s news team runs you through the key highlights of the week.
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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.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Logue was most recently at ProAssurance as assistant vice president of miscellaneous medical.
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Ned Rand said that while the ruling opens up exposure for physicians and hospital operators, he anticipates more criminal exposure than medmal exposure.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Supreme Court ruling leaves the decision of whether abortion is legal in the hands of the states.
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So far, there have been minimal claims related to telemedicine, but industry players are closely tracking it as a key concern in the medmal space.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The insurer has seen claims frequency decline but is still cautious in translating it to reserving and pricing.
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The insurer maintained its cautious stance on fully accepting a lower claim frequency trend.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive – whose new venture wrote $230mn last year – is skeptical about the long-term future of MGAs in the D&O and casualty spaces.
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He will focus on expanding HudsonPro’s offerings in the ancillary sector and build a new platform to address the unique needs of small healthcare businesses.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Coupled with potential new capacity and pricing adequacy on the horizon, the tumultuous medmal space may see stability in the medium term.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Continued disruption in cyber, emerging risks like at-home care and return to work are joining the industry’s need for new faces as being among the biggest issues for the coming year.
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The medical malpractice business will use a company market platform to pursue its growth ambitions.
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CRC executives discussed Covid-19 exclusions, the senior living space and sexual misconduct in the healthcare liability market on CRC Group’s latest podcast.
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Experts estimate that it will take at least around 18 months to fully understand the extent of the pandemic impact in the business.
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Labor shortages and post-pandemic anxiety contribute to rise in severity of claims in ProAssurance’s workers comp business, even as frequency falls.
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The insurer’s top line grew as a result of its acquisition of California mutual Norcal earlier this year.
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CEO Dino Robusto predicts favorable market conditions into 2022.
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The executive takes the role previously held by Lainie Dorneker, who became the head of healthcare for start-up Bowhead Specialty in April.
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The increased use of telemedicine, along with the rise of other medical tech platforms, presents a host of exposures to medical malpractice insurers.
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