Professional liability insurance rates--some history & solutions.
The medical malpractice business, as with the property and casualty industry as a whole, is cyclical in nature. We have experienced peaks and valleys since the mid-1970s. History would tell us that profitability can be restored in time. Many in the professional liability insurance industry think that a return to stability is possible by 2004. The two most critical factors in restoring this profitability may be adequate pricing and tort reform--time will tell the story.
Martin
Teresa
T
tmartin@lockton.com
Bade
Denise
D
D006801:Humans; D007343:Insurance Carriers / Q000191:economics* / Q000331:legislation & jurisprudence; D019458:Insurance Coverage / Q000191:economics / Q000331:legislation & jurisprudence / Q000639:trends*; D016365:Liability, Legal / Q000191:economics*; D008318:Malpractice / Q000191:economics* / Q000331:legislation & jurisprudence; D012308:Risk Management / Q000379:methods; D014481:United States