The insurance industry is cyclical, with periods of fluctuating conditions known as "hard" and "soft" markets. Currently, the industry is experiencing a hard market, a phase that has significant implications for both insureds (policyholders) and insurers.
Shopping for Medical Malpractice Insurance in 2020 for Physicians
Medical Pandemic – A New Kind of Coverage for Hospitals
Hospitals and large medical institutions are always at a high risk of being exposed to an outbreak of a contagious disease due to the constant traffic of people with all kinds of illnesses. If a medical pandemic were to ever happen, the amount of revenue lost due to the interruption in business extra expenses could be too big a loss to bounce back from. This is where the new medical catastrophe “contagion” business interruption protection will be necessary.
