Latest Med-Mal Insurance News & Research
How I Helped a Surgical Ophthalmologist Find New Medical Liability Insurance Coverage in Georgia After His Malpractice Insurer Went Bankrupt
It’s six a.m., and the phone is already ringing. As I put down my coffee and pick-up the telephone, I hear a frantic voice on the other end that is too fast to understand. “Sir, sir,” I interjected, “please slow down as I can’t understand you.” The gentleman took a deep breath before saying, “Sorry, […]
How I Saved a General Surgeon $40k on Medical Liability Tail Coverage
A general surgeon in Savannah, Ga., recently called me in need of help with the high cost of tail coverage she was offered by her employer. She was leaving a group practice and moving out of state to take a new job. When she informed the group she was leaving, they told her she would […]
How I Helped a Client in a Time Crunch Get Medical Malpractice Insurance in New Jersey
As someone who specializes in medical malpractice insurance, every day can be an exciting day as the worlds of medicine, insurance and the law all smash together — not to mention egos and hurt feelings. A great example is when I helped a company get its medical malpractice insurance in New Jersey. I had a […]
A.M. Best Cites Underwriting, Reserving Pressures for Maintaining Negative Medical Professional Liability Outlook
The U.S. medical professional liability (MPL) insurance segment continues to produce favorable results, with better-than-average profitability for more than a decade. However, according to a new A.M. Best Special Report, the MPL market remains pressurized, resulting in a longterm trend of declining premiums, rising underwriting ratios and diminishing reserve redundancies. The Best’s Market Segment Report, […]
Trump Administration Fiscal-Year 2020 Budget Proposal Estimates $31.5 Billion in Savings from Hypothetical Medical Liability Reform
In March, the Trump Administration unveiled its Fiscal-Year 2020 budget proposal, outlining the President’s tax and spending priorities for the next decade. While the president’s budget proposal is simply a request with no binding authority on Congress, it is best understood as a detailed statement by the administration of its fiscal goals and policy preferences. […]
2019 MPL Association Conference to Convene in Portland, Oregon, May 15-17
The MPL Association, the organization representing the medical professional liability (MPL) insurance community, issued a reminder that its annual Conference will take place May 15-17 at the Marriott Portland Waterfront Hotel in Portland, Ore. The Conference is open to both MPL Association members and non-members. The Association also noted that advance registration for the 2019 […]
MLMIC Completes Demutualization, Acquisition by Berkshire Hathaway
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 […]
Rural Hospitals Are Closing at an Alarming Pace
There is an interesting article in the New York Times titled A Sense of Alarm as Rural Hospitals Keep Closing that looks at a growing trend happening in the hospital space. Rural hospitals are closing their doors and this is affecting Americans all over the country. Some of the eye-opening facts in the article: Since […]
Family of Prince files lawsuit in MN against doctor, Walgreens and hospital system
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. […]
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