There were no distress signals for medical professional liability writers in 2014, and the year adds to what has now become more than a decade of continuous profitability. Direct written premium declined in 2014 for the eighth straight year. The total is down 28% from its high of almost $7.1 billion in 2006. And last year represents the 11th consecutive year of positive operating profit. Milliman consultants Brad Parker and Chuck Mitchell provide some perspective in this article.
This article was originally published in the April 2015 issue of the Medical Liability Monitor.