The Professional Liability Underwriting Society (PLUS) recently hosted its annual Healthcare & Medical Professional Liability Symposium, bringing over 400 healthcare liability professionals from around the world together for education and networking. The event took place from April 17 to April 19 in Dallas, TX at the Hilton Anatole.
This year’s symposium was one of the most successful Healthcare & Medical PL Symposiums PLUS has held with the best attendance since 2012. In fact, 95% of surveyed attendees said they would recommend the symposium to a colleague.
Attendees had the ability to earn up to 6 CE/CLE credits with a hybrid approach of 3 live, on-site sessions and 3 post-event webinars. The event also included networking opportunities and activities such as Pickleball, five sponsor-led sessions, and PLUS hosted welcome reception and happy hour. Event photos can be viewed on our Facebook page.
The live sessions at this year’s symposium included:
MPL Market Update by Conning
Presenter: Robin Davis, Conning
In this session, Davis provided attendees valuable insights in the recent trends in medical malpractice, including why medical malpractice rates are rising, why exposures are declining, and emerging risks insurers should be aware of.
Inflection Point or Stormy Weather Ahead? Current Trends in Med PL
Moderator: Chris Wojciechowski, K2 Insurance Services; Panelists: Bruce Dmytrow, CNA; Jean Paul Rebillard; MedPro Group; Deepika Srivastava, The Doctors Company
The panelists in this session discuss the good, the bad, and the ugly in medical professional liability. The session touched on macro themes and cycles of history, and how that relates to insurance. They also discussed how societal and external issues impact insurance profitability, insurance rates and costs, and industry volatility.
Moderator: John Telenko, MedPro Group; Panelists: Richard Henderson, Trans Re; Tara Gibson, Coverys; Gordon K. Wright, Cooper & Scully, P.C.
In this session, panelists discussed the concern of larger verdicts that hit the headlines in 2022 and 2023, and what factors go into the higher verdict outcome including a greater willingness to take cases to trial, political environment, social inflation, and media. The panelists discuss what insurers need to do in these heightened insurance climates.
Five sponsor-led sessions also touched on timely medical professional liability topics:
- The Dobbs Case: A Changing Landscape (Beazley)
- Broker/Underwriter Q&A: The CHANGING Marketplace in Healthcare & Managed Care (Travelers)
- ESG: What Is It and Why It Matters to Healthcare (Marsh)
- Mental & Behavioral Healthcare Risks: New and Must-Know Intel (OmniSure)
- Future Cast: The Changes That Will Shape Healthcare (Gen Re)
Both symposium attendees and those who weren’t able to make it out to the in-person event can still be part of the Healthcare & Medical conversation by registering for our upcoming accompanying webinars. In addition to the three in-person sessions, PLUS is offering an additional three-part CE/CLE eligible webinar series kicking off May 3rd. Learn more about each session and find out how to register below.
Staffing Crisis in Healthcare Facilities
Wednesday, May 3rd 11:00am CT
With the current staffing crisis in healthcare facilities, it is key that professional liability insurance professionals are aware of the risks and how they can support insureds in identifying areas of opportunity to improve patient safety and implement risk mitigation strategies. This session will review the existing staffing challenges that healthcare facilities face, including risks related to understaffing and supplemental staffing, and risks to patient safety and outcomes. Attendees will gain knowledge of the relevant claims data, questions to ask insureds/potential insureds regarding staffing-related policies and procedures, and strategies to mitigate risks and reduce medical malpractice claims.
Sexual Abuse and Molestation Claims: Settled Waters or Rocky Seas Ahead?
Wednesday, May 17th 1:00pm CT
Tragic in their facts and expensive to defend, dispute and/or indemnify, sexual abuse and molestation (SAM) claims continue to plague both society at large and the insurance industry in particular. This webinar will discuss the circumstances in which sexual abuse and molestation claims arise, best practices in both defense and risk management, and outline the impact of “window” or “reviver” statutes enacted by a number of state legislatures. Attendees will gain insight into the circumstances that give rise to SAM claims in medical facilities, the challenges of defending these claims, and risk management tools to try and minimize the development of these claims.
Wednesday, July 19th 1:00pm CT
Private Equity will be the last session in the three-part Healthcare & Medical Professional Liability webinar series. This session will be instructed by John Livatino of Beazley.
It’s not too late to enroll!