medical professional liability News

Ratings of Michigan Professional Insurance Exchange Upgraded

A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+” of Michigan Professional Insurance Exchange (MPIE) in Grand Rapids, Mich. The outlook for each rating has been revised to stable …

Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability

Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of Field Operations and Business Development for Ironshore. Even though pricing in the market is …

Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best

The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, A.M. Best said the MPL segment’s results were hampered by …

Beazley Enhances Coverage for Small Healthcare Businesses

Beazley has expanded its medical professional liability coverage for small healthcare providers with new policy enhancements, increased standard coverage and enhanced service levels. Policies now also include privacy breach response services provided through Beazley’s dedicated breach response unit. Beazley’s small …

North Dakota Hospital Sued over Hepatitis C Outbreak

Victims of the largest hepatitis C outbreak in recent U.S. history dropped their claims against a Minot, N.D., nursing home, which joined them in suing a hospital, which they both say is really at fault. Twenty-one outbreak victims and ManorCare …

NORCAL Mutual to Expand Med Mal Coverage to 5 Additional States

NORCAL Mutual Insurance Company, a nationwide medical professional liability insurance companies, will begin offering coverage this month to physicians in Florida, Georgia, Oklahoma and South Carolina. NORCAL will begin offering coverage in Indiana beginning in March. These five states are …

Man Settles Suit Against Michigan Doctor Who Mistreated Many

A man who helped authorities uncover a Detroit, Mich.-area doctor who misled people into believing they had cancer has settled a lawsuit against the doctor for about $1.7 million. Dr. Farid Fata was paid millions of dollars by insurance companies …

Professional Casualty Association Enters Michigan Medical PL Market

Medical professional liability insurer, Professional Casualty Association (PCA), has been approved for operations by the Michigan Department of Insurance and Financial Services as a licensed and admitted carrier, effective Nov. 2, the company announced. The company’s products will be offered …

Indiana Sets New Record for Preventable Medical Errors

New data released from the Indiana State Department of Health shows that the state has set another record for medical errors. The state agency said there were 114 preventable adverse medical incidents in hospitals and health care facilities in 2014. …

NORCAL Expands Medical Professional Liability Coverage to Arizona

NORCAL Mutual Insurance Company is now offering medical professional liability insurance to physicians and health care professionals in Arizona. This is the twelfth state to come under the parent company’s umbrella as part of NORCAL Mutual’s national expansion plan, which …