From Thursday afternoon at #PLUS2018, Paul Greve, RPLU of Markel Assurance discusses the trend of mega-verdicts in the medical PL space and shares his thoughts on what can be done to address it.
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
From the 2016 PLUS Medical PL Symposium session “Claims Trends to Watch in 2016” Chad Karls (Milliman) and Susan Penney (UCSF) discuss the issue of concurrent surgeries and how the government is starting to focus on them.
For the very latest on professional liability trends and issues don’t miss the the next PLUS Symposium… the 2016 PLUS Cyber Liability Symposium on September 27 in New York City. This event sold out last year, so don’t get left out… register today and claim your seat!
PLUS members can view this entire session in the PLUS Multimedia Library.