Rough Notes published this article by Joseph S. Harrington on their website March 30, 2021
As a result of the COVID-19 pandemic, things have gone from bad to worse for professionals seeking insurance for professional liability.In a November 2020 report on a survey done in conjunction with the Professional Liability Underwriting Society (PLUS), The A.M. Best Company reported that “even before the pandemic, professional liability insurers were reporting varying degrees of market pressure, capacity limitations, changing risk profiles, and price increases.”While precise figures on recent claims are not yet available (among other things, court dockets are still restricted), Best’s states that “many experts predict a sizable increase.”The darkest clouds of uncertainty hang over two classes of professionals:
Regarding the latter, most states enacted some form of liability protection for healthcare facilities and practitioners for the duration of the pandemic “emergency.” It remains to be seen how far those protections will extend both in time and in the scope of care. Read More...
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