Best’s News & Research Service - May 12, 2014 11:22 AM (EDT)
Best's Journal: U.S. Medical Professional Liability Segment Strong But May Be Nearing a Crossroad
Oldwick //BestWire// - The U.S. medical professional liability insurance (MPLI) segment continued its run of year-over-year profitability, but future results will depend on how well MPL insurers manage hurdles such as health care transitions, hospital consolidation and challenges to state tort reform, according to the centerpiece report in the latest issue of Best's Journal. This segment review, titled "U.S. Medical Professional Liability Segment Continued Profitable Run in 2013," states that the industry's favorable results were sustained despite another year of low investment yields and declining net investment income. Best's Journal is a biweekly publication that presents A.M. Best's original research, analysis and commentary on the global insurance industry, available exclusively as part of a subscription to the Best's Insurance News & Analysis service.
Other highlights in this issue of Best's Journal include as follows:
- U.S. P/C Industry Posts Underwriting Profit Since 2009; Policyholders' Surplus Sets Record: Continued growth in premiums, modest catastrophe losses and improved underwriting results helped the U.S. property/casualty industry record a record-setting 2013, according to a Best's Special Report.
- The State of Insurance Regulation in Latin America: This Best's Special Report takes a country-by-country look at regulators, primary legislative authority, capital requirements and reinsurer rating requirements throughout the Latin America region.
- Draft: Rating Surety Companies: This draft criteria report highlights some of the major categories of surety insurance written by A.M. Best-rated insurers, and describes some of the additional analysis performed beyond that of a typical P/C writer.
- Recent noteworthy Best's Credit Rating Actions, rating rationales and more.
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