Healthcare Liability Captives Thrive in a Soft Professional Liability Market
Captive expert Michael Maglaras believes the soft medical professional liability market we've experienced over the past decade will continue for many years to come. This begs the question of what will become of healthcare liability captives. He contends they will continue to thrive because they have evolved to the point that they are focused much less on “price” and a great deal more on control over the claims management and adjustment process. Simply put, healthcare liability captives give healthcare systems control over their destiny, and they will not give this up.