11/27/2022: Due to a local power outage, the MPL Association’s phone system is currently offline. For email addresses, please see the Staff Directory.
Join us for the second of two exclusive online MPL Investment and Asset Management Thought Leader Forums.
The MPL Association’s Government Relations Department provides insights from the 2023 state legislative sessions across the country, including an analysis of the multiple states that took significant steps to address caps on damages.
Headwinds Continue for MPL Insurance Sector Despite Improvement in 2022
A recent sector report from the MPL Association found that in 2022, the MPL insurance market presented mixed results. While the industry’s combined ratio improved, posting its best results since 2017, the industry hasn’t generated an underwriting profit in nearly a decade.
Part one of a three-part series: Generative AI, a subset of AI, creates challenges and opportunities for healthcare providers and insurers. Understand what it means for you and your organization.
By Amy Buttell
When medical professionals take every possible care to prevent adverse events, this improves patient safety and mitigates liability risks. Read how stronger communication may have prevented this injury in a new closed claim study from The Doctors Company.
By Jacqueline Ross, PhD, RN, and Eric E. Cleckler, MSN, RN
Cybersecurity is an urgent concern for healthcare and aging services organizations—and the organizations that insure them. In a survey of healthcare cybersecurity professionals, 89% said their organizations experienced cyberattacks in the past year, at an average of 43 attacks per organization.
By Josi Wergin, JD, CPHRM, CPASRM, ELS
As industries worldwide embrace generative AI, the potential applications in insurance and InsurTech emerge, promising to expedite claims processing, optimize risk assessment, and enhance customer experiences. Read more in this Tech Talk article from Sunlight Simplify.
By Mat Winter and Martin Kowal
Post-pandemic reports show telehealth is used for between 14 to 17% of all visits. As the usability of the technology continues to improve, it is likely that the use of telehealth will increase. CRICO provides additional information and insights on virtual care and MPL concerns.
By Pat Folcarelli RN, MA, PhD, and Luke Sato, MD
In this article, the MPL Association examines recent state legislation—including data privacy, litigation funding, and wrongful death—that may impact the MPL community and explains how those bills may shape future public policy activity.
By Michael C. Stinson
As the chief executive officer of the UK Medical Protection Society (MPS), Simon Kayll is responsible for leading the organization to protect and support the professional interests of its members.
By Amy Buttell
Relative to last year, expected returns in 2023 have risen across the universe of asset classes that insurance companies invest in, with the most notable increases coming in fixed income.
By Nitin Chhabra, FCAS
During the period from 2017 to 2021, the Data Sharing Project (DSP) reports approximately 31,700 closed claims and lawsuits. Among these claims, nearly 32% of claims identified diagnostic error as the main allegation.
There are no geographical limits when it comes to MPL industry challenges, as the members of the International Section of the MPL Association can attest. In a new interview, Dr. Matthew Lee, CEO of the MDU and chair of the International Section, said these companies are quite diverse and bring an important global perspective to the Association and its members.
If you’re considering replacing your medical professional liability (MPL) core insurance system, you know you’ve got a challenge ahead of you. That’s because insurance system implementation is a complex project requiring considerable effort and resources.
By Christopher Bennett and Chris Rozanski
In 2022, the medical professional liability (MPL) insurance market presented a mixed bag of results. While the industry’s combined ratio improved, posting its best results since 2017, the industry hasn’t generated an underwriting profit in nearly a decade.
As we pass the mid-point of the year, many state legislative sessions across the country have concluded their business for 2023, providing us with significant perspective on the latest trends in medical professional liability (MPL)-related government activity.
On the whole, the medical professional liability (MPL) sector is currently perceived to be in an excess capital position. This is defined as holding more capital than regulators and rating agencies require.
By Chris Loyd, Paul Hyer and BJ Kham