The recent medical liability insurance crisis is oftentimes referred to as the market's third crisis in the past 30 years.
This latest crisis has resulted in a number of long-established insurance companies exiting the medical malpractice market either through voluntary withdrawal or state mandated orders. Those companies that have remained in the market have either instituted significant rate increases, placed moratoriums on new business activity in response to capacity constraints, taken a more restrictive position with respect to underwriting certain risks, or some combination thereof. The result of this activity is that in many markets there are fewer insurance companies providing more restrictive coverage at much higher prices than in the past.
In response, as with the prior two medical liability insurance crises, a number of new medical malpractice insurance vehicles have been formed.
Recommended For You
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
