Why Do Large Verdicts Influence the 1% of Cases We Lose and How Does This Effect MPL Rates?
In 2010, there were 18 nuclear verdicts totaling $10 million or more in the United States. By the end of 2023, there were 58 of these large verdicts, meaning there was at least one nuclear verdict occurring every week across the U.S. The bad news? 2024 is on pace to equal or surpass what transpired in 2023. Robert White, President of The Doctors Company and TDC Group, discusses how large verdicts are creating a domino effect on medical professional liability rates.
The guidelines suggested here are not rules, do not constitute legal advice, and do not ensure a successful outcome. The ultimate decision regarding the appropriateness of any treatment must be made by each healthcare provider considering the circumstances of the individual situation and in accordance with the laws of the jurisdiction in which the care is rendered.
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