Latest Med-Mal Insurance News & Research
Strategies to Handle No-shows
What do you find the most frustrating part of patients who are no-shows? Is it the lost revenue? The waste of your and your staff’s time? Is it the worry about potential medical malpractice liability? Physicians Practice recently had a good article on the topic of patient no-shows. While no-show volume varies practice to practice, […]
When Do You Need a Stand-alone Tail?
Dr. Smith happily joined a new practice on Jan 1. On Feb 1, he received a letter from his previous medical malpractice insurance carrier saying that his previous employer would not purchase his tail coverage for that practice. He is now facing a gap in coverage and is responsible for finding his own tail coverage. […]
MagMutual Invests in People, Technology
Note: The article below first appeared in the June 2013 issue of the Medical Liability Monitor, a monthly newsletter reporting on the medical professional liability insurance and risk management industries. For subscription info, please visit www.medicalliabilitymonitor.com. Note #2: This is the second part in a two-part article. The first part was published here yesterday. Being […]
Claims-made Policies and Step Rates: Year 1 to Year 5 (or Maturity)
Every day at MyMedicalMalpracticeInsurance.com we are asked to explain the different features of the types of med mal policies available. Today, we’d like to discuss one aspect of the claims-made policy. It is the claims-made step rate premium increases from year 1 to year 5 (or maturity). If you are unprepared for these rate increases, […]
MagMutual’s MPL Future Driven by Four Precepts
Note: The article below first appeared in the June 2013 issue of the Medical Liability Monitor, a monthly newsletter reporting on the medical professional liability insurance and risk management industries. For subscription info, please visit www.medicalliabilitymonitor.com. In a rapidly evolving marketplace, it’s critical for a company to know what it stands for and what drives […]
Massachusetts Governor Deval Patrick nominated wife of major med-mal lawyer to oversee doctor discipline
Last September, Massachusetts Governor Patrick nominated Kathleen Meyer to fill a Board of Registration in Medicine position that oversees doctor discipline. This of course wouldn’t be an issue a majority of the time, but Kathleen is married to Andrew Meyer. Andrew is one of the state’s leading medical malpractice plaintiff attorneys, and this is seen by […]
Indiana Supreme Court Rules PCF Cannot Contest Liability
On Oct. 31, the Indiana Supreme Court unanimously ruled that the state’s Patient Compensation Fund (PCF)—established to cover excess damages in medical malpractice cases—may not dispute the existence or cause of a plaintiff’s injury in a case in which the medical providers previously settled the claim, admitting liability. The decision, Robertson v. B.O., has led […]
The Doctors Company is about to Purchase the Utah Medical Insurance Association
TDC is set to announce a merger between them and the Utah Medical Insurance Association. The biggest insurers in the nation have been buying up regional companies at an increased rate. This will increase the amount of physicians that TDC insurers up to 76,000. A more in-depth story to come.
Liability Insurance Issues When Adding a New Physician to a Practice
Growth is great in your medical practice. Growing pains are not. The agents at MyMedicalMalpracticeInsurance.com place physician liability insurance coverage for new doctors being added to medical practices on an almost daily basis. And, here are three key points that should always be discussed by both parties when going through this transition. 1. Employee versus […]
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