MPL market: Stormy winds begin to blow

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.