MPL market: Stormy winds begin to blow
By jeremy.engdahl-johnson
Although the medical professional liability (MPL) industry is still reporting positive income results, a key measure of profitability has started to show signs of deteriorating, indicating that insurers have likely passed an inflection point in the market cycle.
Perhaps even more of a concern is that MPL insurers’ current profitability largely stems from policies written during the early to mid-2000s, when premiums more than adequately covered losses.
This article, published in Physician Insurer, reviews various negative factors that may disturb the MPL market and send prices higher.
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