Two trends are making Medical Malpractice insurers feel ill.
One malady is the continued rise in large jury awards for malpractice. In March, Bermuda-based specialty insurer Hiscox announced that the severity of so-called "super losses" in Med Mal cases—more than $50 million per award—is on the rise, despite industry-wide measures to quell litigious actions.
From March 2010 through February 2012, seven medical-liability awards collectively cost the Med Mal industry well over a billion dollars in damages, Hiscox reported.
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