[gallery size="full" ids="220764,220763,220762,220761,220760,220759,220758,220757,220756,220755"]
Medical professional liability insurance, often referred to as "medical malpractice insurance" is imperative for physicians and other health care professionals, and it isn't rare for these policies to be utilized. According to the American Medical Association (AMA), 34% of physicians have had a claim filed against them in their career. With such high risk involved, it's no wonder premiums have been trending upward, especially since the beginning of the pandemic.
Between 2019 and 2021, the proportions that medical professional liability insurance (MPL) premiums increased to reached highs not seen since the early 2000s, says a report from the AMA. They found that in 2020, 31.1% of premiums reported to the Medical Liability Monitor increased from 2019; in 2021, 29.5% of premiums increased from the previous year. The last time premiums showed an increase as high as the one in 2020 was in 2005.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
