Tag Archives: medical malpractice insurance
Admitted Carriers Vs. Non-Admitted Carriers
The healthcare insurance industry, and almost any 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 doctor or health … 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
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
A Closer Look at MICRA
The Medical Injury Compensation Reform Act of 1975, which was passed in California, is the standard to which many other states attempt to achieve. MICRA has been very successful in the state of California based on its approach to helping … Continue reading
Madison Expands to Florida
Madison Healthcare Insurance Services announces its recent expansion into the state of Florida with the addition of its newest team member, Sandra Young. “We’re delighted to welcome Sandi to our team at Madison”, said Kathryn A. Bowen, Executive Vice President … Continue reading
Making The Most Of California Medical Malpractice Insurance Premiums
In recent headlines, the California Department of Insurance released a report (2/17) that showed a wide range in the loss ratio, or the percentage of premiums that insurance providers spend on claims, each year. Percentages were as high as 23% … Continue reading
