Medical professional liability

NOW launches new Arch capacity-backed physicians and physician group programs

Medical professional liability-focused insurtech MGA NOW Insurance has launched two new programs targeted at physicians and physician groups that will be written on the capacity of Arch Insurance, Program Manager can reveal.

Healthcare industry captive interest piques but few following through

Healthcare industry organizations have responded to surging insurance costs by increasingly exploring the launch captives to get better terms, though that interest has yet to translate to a meaningful number of new self-insurance vehicles being formed, according to Risk Placement Services’ James McNitt.

RPS’ McNitt: Litigation funding “a huge problem” for healthcare liability market

Third party litigation funding remains a “huge problem” for the healthcare liability market with the fast-growing industry helping to fuel record breaking nuclear verdicts, although despite the challenges carriers remain in growth mode with insurers hunting for new business along with rate increases, according to Risk Placement Services’ James McNitt.