The prognosis for med mal writers

Article Abstract:

The medical malpractice insurance industry is undergoing fundamental changes as health care in the US changes from fee-for-service to managed care. These changes come at a time when medical malpractice insurers report stagnant premium revenues and rising policy year loss costs. Very few insurers are able to underwrite both hospitals and physicians, and most deal with one or the other. Moreover, as the market changes and as provider networks become integrated and larger geographically, then insurers will be called upon to provide different forms of coverage. These include policies to cover institutions that lose money per patient under capitation schemes and policies tailored to companies that self-insure.

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Professional liability takes cue from clients

Article Abstract:

Intense competition leading to stagnant pricing and very small market shares in the professional liability insurance market is the direct result of the entry of many new players. Many multiline insurers are looking to professional liability insurance to make up for deficiencies in their other lines and are expanding their markets geographically. This trend has caused the development of niche products and companies that target specific professions. Moreover, products are also being developed to cover 'allied' personnel, that is, professionals who do not fit neatly into the traditional categories but who increasingly find themselves named in lawsuits.

Supply and demand

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The malpractice shakeup continues: medical malpractice insurers battle managed care, each other to hold market

Article Abstract:

Medical malpractice insurers are adjusting to market demands resulting from increased competition and the growth of managed care. As the distinction between physician and hospital blurs, insurers are offering new products. Some of those products provide directors and officers, errors and omissions, capitation stop-loss, and vicarious liability coverage to managed-care organizations. Insurers are also adding coverages, such as vicarious liability, to physicians' policies.

Medical malpractice insurance

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