NU Online News Service, Nov. 29, 3:52 p.m. EST
Medical professional liability insurers need to develop new capabilities to be profitable in a field that will experience several changes in the wake of health care reform, according to a new Conning Research study.
In a new study titled "Medical Professional Liability in a Changing Health Care Environment: The New Story Unfolds," Conning noted that medical professional liability is a highly cyclical property and casualty segment, and although the last 10 years have been "nothing short of a remarkable return to profitability," the past two years and into this year have seen rate declines and lower reported premium.
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