In this article, Milliman’s Eric Wunder and Brad Parker summarize some key financial results for a composite of medical professional liability specialty writers through the second quarter of 2018. The 12-year decline in direct written premium finally reversed course in the first quarter of 2018 and second quarter premium levels have followed suit. The composite brought in $102 million (3.6%) more premium through six months than through the first six months of 2017. This is the largest year-over-year increase in written premium since December 2005.
This article was originally published in the September 2018 issue of Medical Liability Monitor.