Best’s News & Research Service - June 13, 2025 10:51 AM (EDT)
Best's Rankings: US Medical Professional Liability Occurrence DPW Up 2.2% in 2024
OLDWICK, N.J. //BestWire// - Direct premiums written grew 2.2% to $2.86 billion for the U.S. medical professional liability (occurrence) industry in 2024, according to a new Best's Rankings report.
The adjusted loss ratio for U.S. medical professional liability underwriters dipped in 2024 to 45.7 from 48.6 in the prior year.
UPMC Insurance Group, which ranked ninth in terms of 2024 direct premiums written, was the only carrier in the top 25 to have an adjusted loss ratio above 100 with its 115.3, up from 89.5 in the prior year.
Berkshire Hathaway Insurance was the top MPLI (occurrence) underwriter, with $878.82 million of DPW and a market share of 30.7%, followed by Doctors Company Insurance Group, with DPW of $409.3 million and a 14.3% market share. CNA Insurance Cos., with DPW of $298.1million and a market share of 10.4%, was third.
The report measures 2024 DPW, market share, adjusted loss ratios and percentage of company premiums.
Subscribers can access the report and data here.
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AM Best data sourced from Best’s Financial Suite, US.
(By Terrence Dopp, senior associate editor, Best’s Review: Terry.Dopp@ambest.com)