Jury awards are ballooning, and traditional insurers are backing out
E&S insurers are stepping into the healthcare liability gap – using real-time data to underwrite risks traditional carriers now avoid. From senior living centers to hybrid outpatient models, these nontraditional facilities face rising liability exposure just as standard markets retreat.
According to TransRe, there were 57 medical malpractice verdicts exceeding $10 million in 2023. That number is expected to remain high in 2024, with projections ranging from $49 million to $52 million as final figures are tallied.