Medical Malpractice News

20Mar, 2017

What is the medical malpractice insurance pool and who needs it?

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Medical malpractice insurance is a must-have for any health care provider, but what happens when you can’t qualify for this necessary insurance due to a history of malpractice claims? With some of the highest rates of medical malpractice claims in the country, New York state health care providers are at a much greater risk of being denied insurance coverage. For this reason, the state created the Medical Malpractice Insurance Pool (MMIP) as a way to ensure that physicians, surgeons, dentists and other providers can receive the coverage they need to […]
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17Mar, 2017

What’s the deal with medical malpractice insurance Risk Retention Groups?

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Over the past few years, economic and regulatory forces have incentivized some health care providers to employ more financially austere measures to lower operating costs. Medical malpractice insurance risk retention groups cater to these individuals and organizations. Thanks to lower capital requirements and less regulations at the state level, risk retention groups are able to quickly enter a state’s professional liability market and offer insurance premiums lower than traditional medical malpractice carriers’. What Is a Medical Malpractice Insurance Risk Retention Group?
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15Mar, 2017

What is a captive medical malpractice insurance company?

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Medical malpractice insurance is essential for protecting a medical provider’s career and assets, but skyrocketing premiums or one-size-fits-all plans can leave practitioners worried about their bottom lines. To fix this problem, an increasing number of practitioners are turning to captive insurance companies, which let doctors create customized plans while protecting their assets and increasing their incomes.
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8Mar, 2017

How to decide what kind of medical malpractice insurance policy is right for you

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Choosing your medical malpractice policy may seem dull, but it can be one of the most important career decisions you make. When even frivolous lawsuits can cost tens of thousands of dollars to defend yourself against malpractice suits, and awards can cost you even more staggering sums, insurance is an essential factor in your financial well-being. Deciding between a claims-made and occurrence policy may seem simple, but this decision involves many factors to consider. What’s the Difference?
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