5 Reasons to Review your Medical Malpractice Insurance

Medical Malpractice Insurance

Medical Malpractice Insurance – Remember to Review Before You Renew! Few physicians, if any, would argue that it’s important to ensure no lapse in your medical malpractice insurance coverage. Too many, though, fail to put as much attention where it’s desperately needed – when it’s time to renew their policy. A thorough review of the proposed coverage is essential, whenever your policy is due for renewal. Premiums and levels of coverage can change, sometimes in your favor, sometimes not. There are many factors that can affect the level of protection…

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Medical malpractice insurance premiums to rise in Missouri

medical malpractice insurance premiums

State Supreme Court rules insurance caps unconstitutional Medical malpractice insurance premiums are expected to shoot up in Missouri after the state’s Supreme Court has declared a longstanding cap on the premiums unconstitutional. In 2004, Missouri legislators placed a cap on medical malpractice insurance premiums. Since then, premiums have dropped by 28%. The cap also lowered a cap concerning non-economic damages in malpractice cases, making it more difficult for consumers and insurance companies to recover funds that may be vital in the attainment of additional care. Cap had limited medical malpractice…

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Hiscox report shows that “super losses” are becoming more common in the U.S.

A new report from Hiscox, a specialist health insurance company in the U.S., shows that so called “super losses” are having an impact on the country’s health insurance industry. Super losses is a term that refers to claims that exceed $50 million. The report notes that these costly claims are becoming more common in the health care sector. Because these claims hold such a large price tag, they often find their way to courts. Juries often side with consumers in these cases and in the past two years have awarded…

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Doctors save $19 million in malpractice insurance due to insurance rate regulation

The California Department of Insurance has revealed that there has been a total savings of approximately $19 million on the medical malpractice insurance premiums of medical care providers such as doctors and dentists, as the result of the rate regulation authority approval in that state geared toward reducing unjustified premiums. Equally, though, Consumer Watchdog Campaign has pointed out that the same protection for patients is being opposed by a doctors’ group. The Consumer Watchdog Campaign has been questioning the undisclosed links to the insurance industry of the leaders of the…

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Law firms battle wave of suits with insurance coverage

Though it was once quite rare for a large law firm to face a lawsuit of its own, the frequency of claims being aimed directly at lawyers is rapidly increasing, and the firms are now boosting their insurance coverage to help to protect themselves against costly liability claims. According to legal experts, suing lawyers and their firms got started in the 1980s. This was also especially the case among the law firms that represented collapsed financial institutions in the Savings & Loan crisis, who were targets for FDIC litigation. Today,…

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