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
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