1 / 21

Medical Malpractice

Join Blair Sanford, CFA, in an insightful discussion on medical malpractice, focusing on its history, current trends, and future expectations. Our firm, Cochran, Caronia & Co., brings years of expertise in analyzing the medical malpractice landscape. We will explore significant factors such as the St. Paul Factor, tort reform implications, and the evolution of rates and coverage. Gain valuable insights into how industry changes shape the healthcare landscape and what it means for insurance providers and medical professionals.

finley
Download Presentation

Medical Malpractice

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Medical Malpractice Now Curable? Blair Sanford, CFA

  2. Background • Our Firm – Cochran, Caronia & Co • Your Speaker • Prior Experience • Journalism / Software Marketing / Equity Trading / Business School • 10 Years an Insurance Analyst • Value Focus • Company by Company Look • Firm Focus brings Benefits

  3. CC&Co Universe

  4. Outline • History • Medical Malpractice Overview • Structure • The St. Paul Factor • Trends • Expectations

  5. History • 1970s Liability Crisis • Widespread Distress • Walkouts • Crisis of Care • Liquidity • Reinsurance • Tort Reform - Nationwide • Birth of the Bed Pans

  6. Med Mal Overview – Structure • State by State Proposition • Regulatory • Legislative • Legal • Corporate

  7. Med Mal Overview - Structure

  8. Med Mal Overview – The St. Paul Factor

  9. Med Mal Overview – The St. Paul Factor

  10. Med Mal Trends

  11. Med Mal Physics • NPV Breakeven at 116% CR – Current Book • NPV of 10% requires a 103% CR – @ current new money yields • Elasticity - 100 bp change in yields requires 3 combined points.

  12. Med Mal Trends - Lower Yields

  13. Med Mal Trends - Lower Leverage?

  14. Med Mal Trends – Public Valuations – Low Expectations

  15. Med Mal Trends – Emerging Premium Growth

  16. Med Mal Trends – Improving AY Results?

  17. Med Mal Expectations • Higher Rates • “Tail” Pressure • Dislocation • Companies with Issues – ERC et al? • Outcries • Legislative / Regulatory Attention • Provider Revolts

  18. Med Mal Expectations • Tort Reform – Not a Panacea • Halo States Not Immune – Kevin Bacon Syndrome • Headlines • Consolidation • New Vehicles • => Gradual ROE Improvement

  19. Med Mal Expectations • 1975 = 2002?

  20. Medical Malpractice Now Curable? Blair Sanford, CFA

More Related