5th Annual Ohio Professional Liability Closed Claim Report
Side Note: The Ohio Department of Insurance has issued their fifth annual Ohio Medical Professional Liability Closed Claim Report. The data is collected from organizations in Ohio that provide medical liability insurance to health care providers and health care institutions in Ohio. Such organizations are required by law to file this medical liability information with the state. The report detailed 3,344 claims that were closed in 2009 by 99 entities. This number is up from 3,080 medical liability cases closed in 2008.
Interestingly, only 24 percent, or 802 closed claims, resulted in payments to a claimant. The average payment was $322,158. This number is slightly higher than the average payment recorded over the past five years, which is $287,931. Although most cases didn’t result in claim payments, they did result in expenses associated with investigation and defense of the medical liability case. This amount averaged $39,350 –again up from the 5-year average of $32,071.
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Department Issues Fifth Annual Ohio Medical Professional Liability Closed Claim Report
STATE OF OHIO
DEPARTMENT OF INSURANCE
COLUMBUS – The Ohio Department of Insurance has issued its fifth annual Ohio Medical Professional Liability Closed Claim Report, Director Mary Jo Hudson announced. Data collected from entities providing medical professional liability coverage to Ohio health care providers and health care facilities shows a total of 3,344 medical professional liability claims were closed in 2009. Claims that generated an indemnity payment, which is the amount of compensation paid on behalf of each defendant to a claimant, averaged $322,158 per closed claim.