There has been a rise in the hospital industry’s professional liability claims frequency and severity, according to a new benchmarking report on professional liability claims trends in the hospital industry.
The study, conducted by Zurich, a property and casualty insurance provider globally and in North America, is based on Zurich’s claims data (through 2008, the latest information available) of 343,000 non-zero claims and $27 billion undeveloped losses from approximately 1,150 hospitals nationally.
In its sixth annual report, Zurich noted that the claims frequency increase is in contrast to the past few years in which frequency had declined or stabilized. I