December 12, 2023 by matray

Below are some headlines and article synopses from the December 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today.

Meet Indigo, the Company Looking to Modernize MPL Insurance
Indigo — the new medical professional liability (MPL) insurance platform utilizing artificial intelligence, expanded data and advanced technology to offer customized pricing for physicians and a streamlined experience for brokers — grabbed the MPL industry’s attention with its October launch and the announcement that AMA Insurance Agency Inc., a subsidiary of the American Medical Association, will work exclusively with the company to bring its innovative medical malpractice insurance solution to physicians …

AM Best Revises Outlook on U.S. Medical Professional Liability Segment to Stable
AM Best revised its outlook on the U.S. medical professional liability (MPL) insurance segment to stable from negative, citing improved rate adequacy, the diminishing impact of pandemic-related exposures, persistently redundant loss reserves, higher reinvestment rates and improved overall returns …

Curi Buys Majority Stake in $9.6B RMB Capital, Forms Curi RMB Capital
Curi entered into a definitive agreement last month to acquire a majority stake of RMB Capital, a registered investment advisory firm with more than $9.6 billion in assets under advisement. As part of the agreement, Curi Capital, a registered investment advisory firm with approximately $1.6 billion in assets under advisement, will merge with RMB. The transaction is expected to close by the end of the year. Terms were not disclosed. Curi Capital is a division of Curi’s overall healthcare advisory firm, which also includes Curi Insurance and Curi Advisory …

President Biden Takes First Step Toward Regulating AI in Healthcare
President Joe Biden took a significant step in shaping how the U.S. government will regulate artificial intelligence (AI) technologies across various industry sectors, including healthcare, when he signed Executive Order 14110, titled “Safe, Secure & Trustworthy Development & Use of Artificial Intelligence.” The Oct. 30 executive order establishes a policy framework for managing risks associated with AI and directs agency action to regulate the use of health AI systems and tools …

Strong Investment Returns Highlight Third-Quarter MPL Financial Results
With nine months of 2023 in the books, the MPL industry appears to be struggling to maintain momentum with regard to increasing direct written premium, but the industry’s investment income through the third quarter of 2023 spiked to $680 million, a level not seen since 2011 …

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