Healthcare The core risks of the healthcare industry have largely remained unchanged in the first quarter of 2025. Nuclear verdicts, a challenging malpractice market, cyberattacks, workforce shortages, abuse claims and workplace violence issues continue to dominate the headlines. It is more crucial than ever for healthcare leadership to prepare for the industry’s dynamic risk landscape. Medical Professional Liability Nuclear Verdicts: The severity and frequency of high-dollar cases are increasing and courts are working to clear backlogs from the pandemic. Recently, a St. Louis jury awarded $48.1M in a birth injury case, the largest malpractice award in Missouri history. Higher Excess Layers: These layers are experiencing significant rate increases due to their volatility, with increases ranging from 25% to 50%. Shrinking Capacity: Carriers are reducing capacity, with some only offering limits of $5 million. Syndicated programs are becoming essential. Exclusions: Some carriers are beginning to exclude sexual abuse and molestation or offer significantly reduced sub-limits. Premium Increases: Average premium increases range from 10% to 40%, with a large focus on underlying retention. New Markets: There are new markets and capital on the hospital/facility side, as well as in the miscellaneous medical space.
Senior Living: Litigation challenges continue with provider documentation under attack and skyrocketing demands.
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