Part 1: Thoughts on the Types of Med Mal Carriers for an Introspective Insured
If you have spent any time dealing with medical malpractice insurance in New York state, you know two things:
- First, New York is home to some of the most obscenely expensive medical professional liability insurance in the country.
- Second, there is a politically charged, financially driven battle waging for dominance over the medical malpractice insurance market in the state.
Doctors in New York have experienced some of the highest medical malpractice insurance premiums in the country for years, with some specialty classes paying upwards of a quarter million dollars for a solo doctor. Until several years ago, doctors had two main options; the admitted carriers MLMIC and PRI.