Stay informed about the trends in the P&C and benefits industries.
Professional liability is a diverse market, and differing conditions exist across various lines. Management Liability and Medical Professional Liability are seeing increased hardening, while E&O, Employment Practices Liability, and Miscellaneous Lines – with a few exceptions – remain very competitive. New players continue to enter the Cyber space, driving prices down and expanding coverage options.
The healthcare market remains ultra-competitive, despite economic forces and political uncertainty that would typically unnerve underwriters. However, while declining premiums and extra coverage may appeal to customers, not all capacity is created equal. Partnering with a wholesaler that is an expert in healthcare is essential for brokers seeking to expand their presence in this market.
The False Claims Act (FCA) is a law that imposes liability on persons or companies who have defrauded government programs and is the primary litigation tool used in combating fraud against the government. These tips and trends will help you navigate the changing healthcare landscape under the FCA.
With ample capacity in nursing home and long-term care liability insurance, competition remains strong among carriers. However, the convergence of three separate events are threatening to create a perfect storm in the marketplace.
In the next 15 years, the population of seniors will nearly double, with more than 20% of the population being 65 or older. With loss rates per occupied bed, claim frequency, and claim severity on the rise, this changing landscape will have a huge impact on senior care facilities.