Latest Med-Mal Insurance News & Research
Saving Money in Your Independent Practice Via Med Mal Ins
A big trend in medicine today is for hospitals and large medical corporations to buy small and medium-sized practices in a wave of consolidation. The end result is that the practices that remain independent have to compete against these Goliaths and have to come up with new ways of being competitive. One of the best […]
Prescription Drug Abuse Threatens Successful Telemedicine Program
I’ve written several times about the medical and criminal liabilities caused by unscrupulous doctors over-prescribing pain medication. States like Florida are lousy with what have become commonly referred to as “pill mills,” which often skirt the law and add to the epidemic of prescription drug abuse. Prescription drug overdoses now exceed the number of illegal […]
3 Important Ways To Avoid Having to Use Your Liability Coverage
If you have your own practice or manage a practice, you know the devastation that a claim brought against you, or the practice, can bring. Here are 3 things that you and your practice can do to help minimize claims and perhaps manage your practice better. 1. Risk Management CMEs. The availability of risk-management CMEs […]
Told You Need a Non-admitted, Surplus Lines Carrier?
As you may know, there are 2 types of insurance companies that specialize in physician malpractice insurance. The first type, admitted, we’ll discuss in a future post because in this post we’ll focus on surplus lines companies, or non-admitted insurance companies. (But, briefly, an admitted company is an insurance company that participates in the state’s […]
How to Market Yourself with a Doctor Liability Claim History
If you’ve had a doctor liability claim, and/or been named in a suit, you know that it can be a very stressful process. Not only do you have to continue to run your practice, but you have to deal with the legal system, and your doctor liability company. Because it is happening to you, it […]
Fitch: Medical Malpractice Insurance Companies Should Expect Underwriting Performance to Decline
On May 8, 2012, Fitch Ratings released a report that proclaimed medical malpractice insurance companies should expect their underwriting performance to decline. According to Fitch, a deeper look into the nation’s medical malpractice insurance companies indicated a less positive performance than has generally been recognized and that future operating challenges will challenge the industry moving […]
A Liability Agent's Perspective on Claims
We’re pleased to have Jason Leander, Executive Director of MyMedicalMalpracticeInsurance.com, available to discuss how liability claims are viewed from a liability agent‘s perspective. Jason’s job brings him in contact with doctors of all specialties in almost all 50 states. He has seen it all, and specializes in finding doctors liability coverage if they have had […]
Flashback: New York Malpractice Insurance Gets First Rate Increase After Two-Year Moratorium
side note: This article first appeared in the August 2010 issue of Medical Liability Monitor, the industry’s premier source for consistent, reliable coverage and fresh perspectives on medical professional liability insurance and risk management issues. To subscribe to the Monitor, please click here. On July 6, 2010, Insurance Superintendent James J. Wrynn announced the approval […]
Med Mal Coverage for Residents and Fellows
Late April, early May is the time of the year that our website and 800 number (1-866-824-0137) is deluged with calls, e-mails and submissions regarding med mal coverage for residents and fellows. In most cases, residents are covered under the hospital policy with which they are affiliated. However, there are times when a resident has […]
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