Latest Med-Mal Insurance News & Research
Med Mal Practices Around the World
We know that med mal can vary greatly from state to state. But how do other countries around the world handle med mal? (We mean, other Western countries…) And, can we learn anything from these other countries? The Economist recently had a nice article reviewing med mal practices around the world. The article primarily focused […]
Florida Considering Patient Compensation System to Lower Medical Malpractice Insurance Costs
Last week, a Florida state senator and representative proposed legislation intended to replace the current, broken medical malpractice system in the state with an administrative structure modeled after the workers compensation system. Sen. Alan Hays and Rep. Jimmy Patronis say that the current medical liability process is adversarial, expensive and inefficient, and the legislation they […]
The Debate Over Damage Caps, Access to Care & the Cost of Medical Malpractice Claims
Diametrically opposed factions have been fighting to frame the debate over the success of the medical liability tort reforms implemented by the Texas Legislature and enshrined in the state constitution by voter approval in 2003. On one side of the argument are those who promote non-economic damage caps as the best way to limit the […]
Venue Shopping Behind Philadelphia's High Medical Malpractice Insurance Rates
side note: The link below will direct you to the American Tort Reform Foundation’s 2012 list of Judicial Hellholes, which documents in annual reports various abuses within the civil justice system. Philadelphia was ranked No. 1 on this year’s Judicial Hellholes list. Because a county’s medical malpractice insurance rates are determined largely by the attitude […]
An Apology Can Avoid Medical Malpractice Lawsuits
side note: The article linked below deals with the founder of The Sorry Works! Coalition, which is an advocacy organization that promotes disclosure, apology (when appropriate) and upfront compensation (when necessary) after adverse medical events as a means to avoid medical malpractice lawsuits. The idea of an honest apology after an adverse medical event as […]
Top 5 Reasons a Local Med Mal Agent is Not for You
While we here at MyMedicalMalpracticeInsurance.com like to think globally and act locally as often as possible, it is not the best practice for physicians to go with their local med mal agent. Here are our Top 5 reasons why physicians should not use a local med mal agent, and instead, should use a nationally-known med […]
Moody's: Medical Malpractice Insurance Market Driven by Healthcare Delivery
side note: The article linked to below gives a synopsis of a recent analysis of the medical malpractice insurance market published by Moody’s Investment Services, the well-known provider of credit ratings and research covering debt instruments and securities. In its analysis titled “U.S. Medical Professional Liability Insurance: A Specialty P&C Insurance Sector Tied Closely to […]
AZ Lawmaker Wants to Amend Constitution to Impose Damage Cap
side note: Conservative Arizona lawmakers are trying to remove obstacles that forbid the General Assembly from imposing caps on the amount of money recoverable for non-economic and punitive damages. Those obstacles are Article 2 sec. 31 and Article 18 sec. 6 of Arizona’s constitution, which specifically prohibit limiting recoverable damages. In short, the two articles […]
A Plan to Handle Medical Malpractice Similar to Workers Comp
side note: This is a very interesting proposal by the James Madison Institute because they are addressing the cost of defensive medicine in an intellectually honest way. The report acknowledges that caps on non-economic damages are effective at lowering medical malpractice insurance rates, but not at lowering the instances of defensive medicine, which add to […]
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