medical professional liability (MPL) News

Medical Professional Liability Market Facing Difficult Times

Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year of underwriting losses, according to a new AM Best report. According to the new Best’s Special Report, “Continued Uncertainty Clouds …

ProAssurance Looks to Acquire NORCAL in $450M Deal

Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on available estimates of premium, the combination of these companies is expected to create …

Credit Ratings of Texas Hospital Insurance Exchange Upgraded

A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Texas Hospital Insurance Exchange (THIE) in Austin, Texas. The outlook of the …