Survey: A Few More Years Before Med Liability Market Hardens

October 6, 2011

  • October 10, 2011 at 4:22 pm
    Kevin Russ says:
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    Mr. Matray’s MPL industry insights and analyses serve him well in conveying what components other than base rates have/continue to contribute to the continued rate declines (soft market) in MPL premium levels as published in the Medical Liability Monitor.

    Mr. Matray does articulate very well the “The elephant in the room question;” with the answer yet to be determined. How many more years can MPL insurers release loss reserves with the continuing decline in MPL premiums the past six years before increasing base rate premium levels or scaling back on rating credits?

    How premium levels change in the near term will be interesting in light of the recent increases in MPL claims frequency.

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