According to a recent American Medical Association (AMA) analysis, a surge in medical liability premiums has extended into a sixth consecutive year. In the last six years (2019-2024), the proportions of premiums that increased year-to-year reached highs not seen since the last hard market in the early 2000s. In 2019, this share almost doubled from what it was in 2018, from 13.7% to 26.5%. Then, between 2020 and 2022, about 30% of premiums went up annually over that period. This trend gained momentum, and by 2024, 49.8% of the reported premiums rose from the previous year. Although there may not be a hard market yet in the entire U.S., some states have experienced notable premium increases over the last few years.
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