Latest Med-Mal Insurance News & Research
Cutting liability costs
http://www.telegram.com Bill targets high insurance premiums for physicians With financial projections for Massachusetts’ fledgling health insurance rising sharply — and communities and businesses across the state groaning under the burden of ever-growing premiums — efforts on Beacon Hill to keep a lid on health care costs have taken on a new urgency. Timely action on […]
Fla. Insurance Regulators Get Public Input on New Reinsurance Rules
http://www.insurancejournal.com Florida Insurance Regulators held a workshop Monday to seek public input on a draft rule that would implement new legislation which gives the insurance commissioner discretion in allowing unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral. The workshop was part of the Florida Office of Insurance Regulation […]
Medical Mutual to pay state $75,000 in settlement
Triangle Business Journal – by Chris Coletta http://www.bizjournals.com Medical Mutual Insurance Co., the state’s largest malpractice insurer, will pay the state $75,000 to settle allegations that it broke state law by investing in real estate partnerships meant to compensate top executives. The Raleigh company did not admit to any wrongdoing in the settlement and says […]
Mich. Medical Society Says Rate Drop Shows Tort Reform Law Working
http://www.insurancejournal.com A clear indication that Michigan’s 1993 tort reforms are working is that the state’s largest physician medical malpractice insurer is cutting its premiums by 12 to 25 percent for Wayne County physicians, the Michigan State Medical Society (MSMS) announced yesterday at a news conference in Detroit. The average decrease for all physicians in Wayne […]
Justice Praises Ohio County Medical Society
http://www.theintelligencer.net The Ohio County Medical Society played an integral role in quelling the state’s medical malpractice crisis, said West Virginia Supreme Court Justice Elliott Maynard. Maynard’s comments highlighted the society’s installation of officers dinner held Tuesday at Sandscrest Conference and Retreat Center in Wheeling. He commended society members for their work to have the state […]
Pa. medical liability climate improves, governor says
http://www.ama-assn.org Pa. medical liability climate improves, governor says – New DEA rule allows extended scripts Pennsylvania tort reforms helped reduce medical liability claims payouts by the state’s patient compensation fund by 50% between 2003 and 2007, Gov. Edward G. Rendell announced in October. Key measures enacted under the 2002 Medical Care Availability and Reduction of […]
Illinois judge voids cap on liability awards
The case heads to the state Supreme Court, which twice before declared noneconomic damage limits unconstitutional. By Amy Lynn Sorrel, AMNews staff The Illinois cap on noneconomic damages in medical liability cases hangs in the balance, now for the third time. A trial court struck down the award limit as unconstitutional. A number of other […]
Editorial: Malpractice limits
http://daily-journal.com It was one of those overlooked stories easily passed over in the continuing drumbeat for nationalized healthcare. A Cook County judge ruled that an Illinois law attempting to limit damages for medical malpractice is unconstitutional. Two years ago, amid a crisis in malpractice insurance and costs, Illinois lawmakers passed a law that put a […]
Malpractice limits lead to drop in premiums
David Royse | The Associated Press Four years ago, many Florida doctors threatened to quit their practices because their malpractice-insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked off the job. Others dropped their insurance and hoped for the best. “The rates were going […]
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