Inflation has been stubbornly high throughout 2022, a cause of concern in the medical professional liability (MPL) insurance industry, which is comprised of insurance carriers, captive insurance companies, and reinsurers. Yet inflationary figures include elements of the Consumer Price Index (CPI), such as consumer goods, energy, and a variety of other items that might cause an increase in MPL severity. We discuss the topic in the third quarter issue of Inside Medical Liability, a publication of the Medical Professional Liability Association. The article contains discussion of the following:
- Terminology: Correlation, CPI, and MPL Indemnity Severity
This article was originally published in the Q3 2022 issue of Inside Medical Liability. Read the article here.