| Market Spotlight
May 25, 2022 |
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Market Spotlight: Healthcare After nearly a decade of stable rates, the proportions of medical liability insurance premiums that have increased year-to-year over the past three years have reached highs unseen since the turn of the century, according to an American Medical Association Policy Research Perspectives report published in March. While conditions are better in some states, 12 states have experienced premium increases of 10% or more from 2020 to 2021, the report concluded, including Illinois (58.9%), West Virginia (41.7%), Missouri (29.6%), Oregon (20.0%), South Carolina (16.7%), Idaho (11.1%), Kentucky (7.4%), Delaware (6.7%), Washington (6.7%), Michigan (5.4%), Texas (4.9%) and Georgia (3.7%). But even as premiums rise, the number of malpractice claims filed against hospitals and physicians declined 14% in 2020, according to a report by the American Society for Health Care Risk Management and Aon, published in late 2021. Medical professional liability exposures are expected to continue to increase. The Aon report predicted no change in claim frequency, but established a 3% severity trend in 2022 for both general liability and physician professional liability. |
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| Primary Limits up to $1,000,000 Occurrence/$3,000,000 Aggregate. Included Coverages: Medical Payments Coverage - $5,000 Limit, Errors and Omissions Coverage - Policy Limits, Sexual and Physical Abuse Coverage - $50,000 per Claim/$100,000 Aggregate (higher optional limits available). States: Nationwide footprint with focus on AK, AZ, CA, HI, NV, OR, WA Offered by: M.J. Hall and Company, Inc. |
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| Target appetite includes Alcohol & Drug Recovery Homes, Residential Care Facilities for both Children and the Elderly, Home Healthcare, Nursing Homes and Dental Offices. Complete in-house underwriting authority with exclusive carrier partnerships with "A-" (Excellent) rating or better by A.M. Best. Ok to write new ventures, 30 day lapses in coverage with no ex-mod restrictions. We've got you covered! States: 11 states Offered by: Atlas General Insurance Services |
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| | Seeking Agents and Brokers in Texas Coverys is a national medical professional liability insurer. Rated "A" (Excellent) by A.M. Best. Email aburnham@coverys.com about representing Coverys. Coverys |
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| Aspera is a market for medical practitioners that are ineligible for the standard marketplace. We target practitioners with poor claims experience, alcohol and substance abuse histories, gaps in coverage, and licensing and/or board issues. Coverage can also include entities or corporations affiliated with a practitioner. States: 11 states Offered by: Aspera Insurance Services, Inc. |
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| The healthcare industry includes a wide array of verticals, each incredibly important for those who need them. Ensure your clients within the healthcare industry are properly covered for the below categories: Allied Medical Providers/Medical Liability, Cannabis Dispensaries, Hospitals, Medical Malpractice, Medical Research & Manufacturing, Non-Emergency Medical Transport, Senior Care & ... States: 45 states |
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| Looking for Homeowners Insurance for a client that has 2 water claims in the past 3 years in CA. by namjuppo on Fri May 20, 2022 I'm looking for a market taht would consider writing auto insurance for Vintage vehicles. The vehicles are being used to provide tours in famous parks in NYC. by Tfriedman on Tue May 3, 2022 Does anyone have access to a wedding policy that covers costs if the bride or groom has a "change of heart" and calls off the wedding? by AllstatePaul on Mon May 16, 2022 I need a California Market Residential Solar Panel Cleaning and pest contorpl. They Block pigeons from biuldingh nest under the solar panels. I can not have a PEO. by wetryharder on Thu May 12, 2022 My client is a tanning bed repair business, they repair in their warehouse and off-site on on location. by BallardAgency on Wed May 18, 2022 |
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