What will happen to malpractice rates in 2025?

Author(s):

Todd Shryock

Key Takeaways

"Nuclear" verdicts are causing substantial increases in malpractice insurance premiums, particularly in certain states.
The prevalence of large jury awards is destabilizing the malpractice insurance market, leading to higher costs for healthcare professionals.
Market trends suggest that these challenges will continue, potentially resulting in further rate increases by 2025.
Healthcare providers need to engage in strategic planning and risk management to mitigate the impact of rising insurance costs.

The malpractice insurance market is facing a number of challenges. What does that mean for rates in 2025?

The malpractice insurance market is facing a number of challenges, including "nuclear" verdicts in some states that are affecting rates. What does this and other challenges in the market mean for your rates in 2025? Pete Reilly of HUB International discusses the current market trends.

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