medical professional liability News

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 …

Arkansas Mutual Insurance Co. Rated ‘A’ by A.M. Best

A.M. Best has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Arkansas Mutual Insurance Company (AMIC) in Little Rock, Ark. The outlook assigned to both ratings is stable. The ratings are reflective …

Medical Professional Insurer Market Prepped for Consolidation: Fitch

The medical professional liability insurance market continued its years-long decline in 2014 in terms of net written premium volume, hammered by forces including worsening accident-year results and a rapidly evolving healthcare market, Fitch Ratings found. Despite its challenges, the MPLI …

MedPro Group Finalizes Acquisition of Oklahoma-Based PLICO

MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — took less than 60 days, the …

ACE Appoints Hamzah as Regional Medical Malpractice Manager, Asia

ACE Group has appointed Kamal Hamzah as regional medical malpractice manager for Asia, a newly created position, as it continues to expand its financial lines product portfolio in the region to include medical professional liability. Hamzah will spearhead the development and …

NORCAL Expands Medical Professional Liability Coverage to Oregon

NORCAL Mutual Insurance Co., a medical professional liability insurance provider, is now offering coverage to physicians and healthcare professionals in Oregon with protection for certain data breaches, cyber liability and risks related to administrative activities, as part of its strategic …

Constellation Acquiring Medical Professional Liability Insurer Arkansas Mutual

Constellation, a mutual holding company, announced that Little Rock-based medical professional liability insurance provider, Arkansas Mutual Insurance Co., is joining its family of companies. Arkansas Mutual will be the third Constellation member company, joining MMIC and UMIA. The terms of …