On behalf The Risk Authority Stanford (TRA Stanford), we are pleased to present the 42nd edition of our Medical Malpractice Trend Review. The Review is an annual retrospective study of significant hospital and medical professional liability verdict and settlement trends across the United States of America.
Since 2010, TRA Stanford has assumed support for this important work from the Medical Underwriters of California, who had previously sponsored the report. The Review has been authored and published annually since 1975 by Ron Neupauer, retired President of Medical Underwriters of California, which is the management company for Medical Insurance Exchange of California (MIEC), a physician-owned professional liability insurer.
Much of the information that has been developed and tracked over the span of almost four decades remains intact and is contained within the 2015 review. Historically, we have studied verdicts and settlements in California that exceed $1 million dollars. We continued the same study in California and expanded the scope to include verdicts and settlements across the nation that exceed $5 million dollars.
In the coming year, we will be announcing, with Ron Neupauer, some exciting new enhancements to the 43rd edition of the Review that will enable even more insight into large loss malpractice cases in California and across the nation. We look forward to producing future editions of the Medical Malpractice Trend Review as part of The Risk Authority Stanford’s overall innovate, advocate and protect.