MLMIC Insurance Co. announced last month the completion of its conversion from a property-and-casualty mutual insurance company to a property-and-casualty stock insurance company and the finalization of its $2.5 billion acquisition by National Indemnity Co., a subsidiary of Berkshire Hathaway Inc. The conversion and acquisition followed a September 6 approval by the Superintendent of the […]

The family of Prince has filed a medical malpractice lawsuit against a doctor in which the family feels he failed Price by failing to treat his opioid addiction and providing him with narcotics without a proper prescription. The Minnesota lawsuit also names the physician’s former employer, North Memorial Health, Walgreens and UnityPoint Health as defendants.  […]

In June, Miami-Dade Circuit Court Judge Jose Rodriguez denied a defense motion to reduce a jury verdict for noneconomic damages from $500,000 to $350,000 because the defense offered to arbitrate the claim, further chipping away at Florida’s tort reform laws that cap noneconomic damages in medical professional liability actions. In 2014, the Florida Supreme Court […]

Amidst Healthcare Uncertainty, PIAA 2017 Medical Liability Conference Focused on Current Challenges, Future Concerns Hosted at the Broadmoor Hotel in Colorado Springs, Colo., with the backdrop of a Republican plan to repeal and replace the Affordable Care Act stalled between the U.S. House and Senate, the 2017 PIAA Medical Liability Conference convened from May 17 […]

Leveraging Big Data to Mitigate Medical Liability Risks, Improve Practice Economics The era of big data in medicine is here, and it promises to improve the overall quality and efficiency of healthcare, increase profitability, reduce waste, predict epidemics, cure diseases and help avoid adverse medical outcomes. Of course, its success is reliant upon collecting the […]

by Michael Matray, editor of Medical Liability Monitor New York’s medical malpractice insurance market was the subject of two lengthy articles last month that examined the state’s shifting competitive landscape and the questionable finances of its second-largest insurer of medical liability, Physicians’ Reciprocal Insurers (PRI). In an article dated April 9, Politico New York primarily […]

Source: WalletHub Earlier this month, personal finance site WalletHub published a report ranking the best and worst states for physicians. They based the rankings on a variety of factors, including the cost of medical malpractice insurance, the amount of malpractice award payouts per capita in the previous year and average physician wages, as well as […]

Defensive medicine is notoriously hard to quantify, with estimates of its cost to the U.S. healthcare system ranging between $46 billion and $850 billion. Yet, it is a pervasive part of the medical system.  To complement the Healthcare Matters interview series, The State of Defensive Medicine, featuring Richard E. Anderson, MD, FACP, Chairman and CEO […]

Richard E. Anderson, MD, FACP, the Chairman and CEO of The Doctors Company, recently appeared on Healthcare Matters to discuss his views on the problem of defensive medicine. In the first of a series of videos, Dr. Anderson defines defensive medicine as “A test, procedure, or therapy that is ordered by a physician primarily to […]