June 20, 2019 by matray

The Center for Justice & Democracy at New York Law School (CJ&D) today released the 12th update to its MedicalMalpractice: By The Numbers briefing book. The fully-sourced, 172-page volume includes the latest statistics and research on issues related to medical malpractice, including more than 500 footnotes linking to original sources.… Continue reading...

June 19, 2019 by matray

CMIC Group announced that Denise M. Condron, previously the Director of Loss Prevention, has been promoted to the role of Vice President of Loss Prevention. Additionally, Kevin M. Bresnahan, JD, the prior Director of Claims, has been promoted to the role of Vice President of Claims. Condron has more than… Continue reading...

June 12, 2019 by matray

MIEC announced its inaugural MIEC Summit for Insurance Defense will take place in Boise, Idaho, on June 20, 2019. The Summit for Insurance Defense is a new annual regional seminar series. Each year it will be hosted in one of MIEC’s territories. The goal of this seminar series is to… Continue reading...

June 12, 2019 by matray

During the past fifteen years, the number of malpractice claims filed has dropped significantly (as much as 27% according to the CRICO 2018 CBS Benchmarking Report). That's good news for insurance companies, doctors and hospitals. But while the frequency of claims went down, the cost of defending a malpractice lawsuit… Continue reading...

June 10, 2019 by matray

Physicians' Reciprocal Insurers (PRI) announced an upcoming, June 25, webinar on "How to Respond to Document Requests, Audits and Overpayment Demands." Presented in partnership with Frier Levitt, a national healthcare law firm, this webinar will provide valuable information for both physicians and practices on how to mitigate the risk of,… Continue reading...

June 7, 2019 by matray

A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Connecticut Medical Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, CMIC Risk Retention Group (District of Columbia). These companies are referred to… Continue reading...

June 6, 2019 by matray

Fitch Ratings has affirmed ProAssurance Corporation’s (PRA) subsidiaries Insurer Financial Strength (IFS) ratings at 'A' (Strong). Fitch has downgraded PRA's senior unsecured debt to 'BBB' from 'BBB+' and its Issuer Default Rating (IDR) to 'BBB+' from 'A-'. The Rating Outlook is Stable. A full list of rating actions follows at… Continue reading...

June 6, 2019 by matray

Today, the ISMIE Mutual Insurance Company announced that Texas insurance regulators have approved the company’s rate and forms filing. According to the company, growing its foothold in Texas is a significant step for the medical professional liability carrier’s national expansion. With this development, ISMIE is able to offer Texas physicians,… Continue reading...

May 23, 2019 by matray

Shareholders of ProAssurance Corp, acting at yesterday’s Annual Meeting of Shareholders, cast approximately 95 percent of their votes to elect Edward L. Rand, Jr., president and chief operating officer of ProAssurance, to its Board of Directors for a one-year term ending at the Annual Meeting of Shareholders in 2020. Shareholders… Continue reading...

May 22, 2019 by matray

The Medical Professional Liability (MPL) Association, the association representing the medical professional liability insurance community, has announced the election of J. Michael Conerly, MD, LAMMICO, and Gregg L. Hanson, Coverys, to serve three-year terms on the Association’s Board of Directors. The election occurred on May 17, during the Association’s Annual… Continue reading...