The medical-liability insurance industry has recently seen positive results and is working to minimize the "peaks and valleys" that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).
"The industry has stabilized significantly over the past six years," Atchinson said during the PIAA's Medical Liability conference, held this year in Washington, D.C.
Atchinson attributes the recent industry stability to a variety of factors, including state efforts to rein in inconsistent and unpredictable medical-malpractice awards; increased emphasis by physicians and hospitals on patient safety; and strong loss-prevention activities by Medical Liability insurers.
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