Malpractice insurer to refund money

Associated Press
http://www.bnd.com/

SPRINGFIELD – Illinois doctors will get a refund collectively worth $11 million from the state’s largest medical malpractice insurer.

The Illinois State Medical Insurance Exchange says claims are down. That means doctors will get credits when they renew their policies. Individual doctors will get around $500 to $1,000.

Dr. Harold Jensen chairs the insurer’s board. He says a 2005 state law that capped non-economic damages paid to successful plaintiffs helped lower malpractice insurance costs.

But Bruce Kohen, president of the Illinois Trial Lawyers Association, credits another part of the 2005 reforms. State regulators now have the power to review insurance rates. Kohen says that’s what prompted the giveback of the excess premiums to doctors.

see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

Health Insurer Sued for Medical Malpractice Over Prior Authorization

North Carolina Supreme Court Removes Precedent Shielding Nurses from Medical Liability Claims

California Healthcare Providers, Trial Attorneys, Legislators Reach Deal to Increase MICRA Cap

Popular Posts

PIAA 2017: Current Trends & Future Concerns

International Medical Malpractice Insurance

Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs

Start Your Custom Quote Process™

Request a free quote