The medical professional liability insurance (MPLI) sector outperformed its property/ casualty peers with profits and steady increases in surplus, according to an A.M. Best study.
“It’s easy to become overconfident when things have been good as they have been. We must take a clear view over 35 years of the business not just the past five years,” A.M. Best Assistant Vice President Henry Witmer said yesterday during a Web discussion on the state of the U.S. MPLI sector. “The business is cyclical and companies need to be prepared for the changes that will occur.”
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