PHCC of CA Executive Vice President, Deborah Maus was one of 3 PHCC executives Federated Insurance invited to participate in an Executive Directors Roundtable to brainstorm strategies to keep insurance affordable for our memberships.
In this era of nuclear verdict award amounts and increasing losses, the industry faces ever-increasing premiums and in some cases, decreasing coverage. Identified strategies include several legal fixes (e.g., capping punitive damage awards and eliminating phantom damage) as well as state-specific tactics that will need to be pursued through the legislative and regulatory systems.
PHCC of CA will be involved in ongoing discussions aimed at keeping insurance affordable.