Defense cost trends in medical professional liability (MPL) have significantly outpaced indemnity trends to the point where, for many companies, defense costs have become their single largest expenditure. Making matters even more challenging is that increasing defense costs are happening during a period with significant top-line pressures. How do rising defense costs in the medical professional liability industry fit into the broader discussion about big data analytics?
Reprinted from the Second Quarter 2015 issue of Inside Medical Liability, Physician Insurers Association of America. Copyright, 2015.