March 7, 2023 by matray

Below are some headlines and article synopses from the March 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today. Curi, Constellation to Merge into Organization with National Scope Curi Holdings and Constellation Inc. last month announced the signing of a merger agreement. Combined, the… Continue reading...

February 21, 2023 by matray

The Doctors Company was granted accreditation for nursing continuing professional development (NCPD) from the American Nurses Credentialing Center (ANCC). According to the company, its accreditation demonstrates a commitment to using evidence-based criteria when developing high-quality educational activities that promote the professional growth of nurses and advanced practice clinicians (APCs). TDC… Continue reading...

February 7, 2023 by matray

Below are some headlines and article synopses from the February 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today. NY Governor Vetoes Bill Expanding Wrongful Death Damages, Legislature Rejects Medical Liability Compromise After much speculation and delay, Gov. Kathy Hochul vetoed a bill expanding… Continue reading...

February 3, 2023 by matray

The Cooperative of American Physicians, Inc. (CAP) announced that its medical professional liability coverage product, the Mutual Protection Trust (MPT), has earned a Financial Strength Rating of A+ (Superior) from A.M. Best for the 16th consecutive year. Among several notable acknowledgments, A.M. Best recognized MPT’s “cost-effective medical professional liability services,” with a “favorable… Continue reading...

February 3, 2023 by matray

by Gail Fiore MA, MSW Every Claims Consultant will recognize this: as much as 80% of attorney-client communication is consumed with emotional and psychological issues – often fruitlessly. Lawyers may be very skillful at practicing law, but they’re not trained to deal with the kinds of stress-related issues many of… Continue reading...

January 31, 2023 by matray

MagMutual Insurance Co. announced it will return a 6.5% dividend to its policyholders this year. According to the Atlanta-headquartered insurer of medical liability, the payment marks 24 years of dividends and more than $370 million in financial rewards MagMutual has returned to policyholders since its inception — with more than… Continue reading...

January 25, 2023 by matray

AM Best has assigned a Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” to MMIC Risk Retention Group, Inc. (MMIC RRG). The outlook assigned to these Credit Ratings is stable. MMIC RRG is a sponsored risk retention group of Constellation, Inc., the parent company… Continue reading...

January 24, 2023 by matray

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a-” (Excellent) of MDAdvantage Insurance Co. of New Jersey (MDAdvantage) (Lawrenceville, NJ). The outlook assigned to these Credit… Continue reading...

January 17, 2023 by matray

The Mutual Insurance Company of Arizona (MICA) recently announced that its Board of Trustees has declared a policyholder dividend of $15 million to be allocated among current members as of Dec. 31, 2022, the record date. The dividend will be distributed in February 2023. For policyholders insured by MICA for… Continue reading...

January 9, 2023 by matray

Below are headlines and article synopses from the January 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today. Medical Professional Liability Premium Growth Slowed in 2022 The medical professional liability insurance industry experienced double-digit premium growth in 2021, driven by firmer pricing and a… Continue reading...