Medical News and Medical Liability Conference
At the Crittenden Medical Liability conference in April, industry experts highlighted the ongoing struggles within the Medical Professional Liability (MPL) sector, focusing on the escalation of claim severity, underwriting losses and the broader financial impact. The opening keynote panel covered current trends — and biggest challenges — in medical liability insurance, as well as the More
Two decades into the 21st century, the comprehensive implementation of technology to prevent medical malpractice is still a relevant topic to healthcare companies, medical practices and malpractice attorneys. Technology should reduce the occurrence of medical malpractice, whether it is using electronic records, machine learning or artificial intelligence. Efficient Electronic Records To avoid malpractice claims, electronic More
On April 28, a major change occurred in California’s midterm elections in November as the state’s legislators, the state’s doctors’ lobby and several advocacy organizations announced an agreement to keep a proposed measure to increase medical malpractice awards from the standard $250,000 limit that was implemented nearly 50 years ago in 1975. The California Medical More
In April, the Florida House of Representatives showed a rare move of bipartisanism when they passed a bill that would allow the parents of single adult children without any children or dependents to receive noneconomic damages in medical malpractice claims. The bill, formally known as House Bill 6011, passed by nearly 100 votes and revises More
As the domestic health care and law industries try to find a post-pandemic normal, medical malpractice firms are trying to look into their personal crystal balls to identify what the medical litigation landscape and juries may look like for the rest of the decade. Law, pop culture and the pandemic A generation of the domestic More
Recent analysis from the American Medical Association (AMA) confirmed what industry professionals already knew: medical liability insurance premiums have increased after a decade of pricing stability. The AMA report detailed that between 2010 and 2018 the amount of premiums that increased was always between 12% and 17%; however, that number jumped to 26.5% in 2019 More
Since the COVID-19 pandemic, many offices are seeing an increase of medical liability insurance providers when it comes time for renewal, and they are exploring all options. Now of course all options are not quality options, and the increased quantity of premium providers has drowned out the characteristics of quality premium plans. To make sure More
While cyber exposures in the hospital space are generally always an area of concern for insurers and risk managers, the invasion of Ukraine by Russia has led to concern among cyber security experts that the healthcare sector could be at expanded risk due to the conflict. The American Hospital Association bolstered these concerns recently, following More
The growing demand and rising exposures for the Advanced Practice Clinicians segment, a category which can include nurse practitioners, certified registered nurse anesthetists, and physician assistants, has led to the creation of new standalone products and coverages from carriers, alongside a drip feed of rate hikes. The increased reliance on these segments in the healthcare More
Despite the pandemic leading to a groundswell of demand for telehealth coverage among general practitioners, exposures and claims for telehealth related coverage remained relatively benign, with the most common concerns among carriers being the potential fallout of state licensure issues and claims severity as damage caps vary greatly across state lines. ProAssurance’s Mike Rosenthal, senior More
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Risk Retention Group CMIC RRG bolstered its Board of Directors with the addition of a new member, Dr. Stratton Danes. Danes bring with him expertise as a board-certified vascular surgeon, specializing in critical limb salvage, aortic aneurysm repair, venous disease and carotid interventions. He is currently an attending physician at Middlesex Hospital and Lawrence Memorial More
Increased exposures have led to planned rate hikes scattered among medical professional liability carriers within the physician and nurse practitioner’s segment. Despite the seemingly never-ending specter of COVID-19, carriers have generally not noted any adverse impact on pricing as a result of the pandemic, though overall exposures and suspension of practices are continuing to vary More
