Category Archives: Medical Malpractice Insurance
Five Tips for Purchasing Medical Malpractice Insurance
Understand the difference between a claims made policy and an occurrence policy, and which is the right fit for your practice. Claims Made Policy: This provides coverage for insured events occurring on or after the specified policy’s retroactive date, when … Continue reading
Report Outlines Gaps in Understanding of Patient Safety
A recent article published by the American Medical Association claims that 52% of paid medical liability claims are for events occurring in ambulatory settings. The article also goes on to state that two thirds of claims arising from ambulatory settings … Continue reading
Medical Error Best Practices
This is a relatively new topic and somewhat controversial, due to the fact that there is a lot on the line when it comes to patient safety and the ramifications that come with it. Medical Error Best Practice was pioneered … Continue reading
New Year Renewal Dates
In the healthcare insurance industry, this time of year is usually the busiest. Many doctors and healthcare professionals have renewal dates of January 1, so now is the time when many are scrambling to find out if they can reduce … Continue reading
MICRA Upheld in September Court Case
In July we had written about MICRA coming under fire, with trial lawyers pushing to raise the cap on non-economic damages to as high as $1 million. A recent appellate decision reduced a $6 million jury award to the state’s … Continue reading
New Study Shows that Most Doctors Will Get Sued During Their Career
A new study published in the New England Journal of Medicine says that one in 14 doctors faces a malpractice suit every year. Also, just about every physician will face at least one malpractice lawsuit at one point in their … Continue reading
Admitted Carriers Vs. Non-Admitted Carriers
The health care insurance industry, or really any insurance industry for that matter, is full of jargon and seemingly cryptic language that only veterans of the language can understand. So let’s get to the point. If I am a health … Continue reading
Dismissal Rate Reaches Nearly 60% on Med Mal Claims in Massachusetts
Nearly 60% of liability claims against doctors and other medical professionals in Massachusetts are dropped by plaintiffs during litigation. This leads to a significant amount wasted in defense costs and unnecessary distress for doctors. A study conducted by Dwight Golann, … Continue reading
Comparing MICRA to Areas Around the Country
It has long been said that California’s MICRA bill is the standard to which many other states strive to reach with tort reform. But what are the actual numbers? Is MICRA really that much better than currrent legislation in other areas … Continue reading
MICRA Under Attack
Trial lawyers in California are pushing to raise the cap on non-economic damages to as high as $ 1 million. The California Medical Association reports that even an increase of $500,000 would raise California health care costs by $7.9 billion … Continue reading
