2018 PLUS Conference Preview: Are Mega-Verdicts in MPL a Blip or Trend?

The PLUS Conference less than a week away, and we have another exclusive look at an education session happening at the conference.

Paul Greve will be moderating a medical professional liability focused panel on Thursday, November 8. Panelists for this session include Peter Cridland, Matthew Donnelly, and John Fitzpatrick. Discussion will center on the rising number of MPL settlements in the tens of millions of dollars, and how this is affecting underwriting for this branch of the industry.

Below is a summary of the panel as well as a white paper from the PLUS Journal. You still have a chance to register for the conference and attend this and many more incredible education sessions, not to mention the keynote speakers and networking opportunities. Register now and we’ll see you in San Diego next week!

Thursday, November 8, 1:45 pm – Mega-Verdicts in MPL: Blip or Trend

There have been a number of large verdicts and settlements in medical professional liability in recent years. In 2017, there were many of these verdicts/settlements over $10M, with 7 cases of over $40M; perhaps the most ever at that level. 2018 appears to be on a record pace. The panel will discuss the data concerning these verdicts, the reasons why more of these verdicts are being seen despite overall low claim frequency in MPL, and review common threads in these claims. They will identify reasons why these very large verdicts are occurring and formulate claims and underwriting strategies to address the risk of these claims.

Moderator: Paul Greve, Jr., JD, RPLU, Senior Director, Healthcare Risk Solutions, Markel Assurance

Panelists:

Peter Cridland, Assistant Vice President, Transatlantic Re

Matthew Donnelly, Deputy Chief Legal Officer, Cleveland Clinic

John Fitzpatrick, Wheeler Trigg O’Donnell LLP

White paper: Medical Professional Liability in 2018: Major Challenges

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About plushq

The Professional Liability Underwriting Society (PLUS) was founded in 1986 by industry professionals who recognized the need for a forum for individuals involved in the field of professional liability. The Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. Membership consists of over 6,500 individuals, representing over 1,000 companies active in the many fields of professional liability. PLUS currently receives the support of more than 200 companies through corporate membership. PLUS is recognized as the primary source of professional liability educational programs and seminars, assistance to its members to help serve clients, and information regarding professional liability. The Society is continually seeking new means to fulfill its mission statement and better serve its members.

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