medical News

Oregon Closer to Magic Mushroom Medical Therapy

Oregon was taking a major step Friday in its pioneering of legalized psilocybin therapy with the graduation of the first students trained in accompanying patients tripping on psychedelic mushrooms, although a company’s bankruptcy has left another group on the same …

Woman Sentenced to 8 Years in California Medical Fraud Insurance Billing Scheme

A former Southern California woman who, along with her doctor husband, billed insurers $44 million for unnecessary cosmetic surgeries was sentenced to eight years in federal prison. Linda Morrow, 70, also was ordered to pay $14 million in restitution. She …

California Workers’ Comp Insurer Losses and Expenses $12B for 2020

The Workers’ Compensation Insurance Rating Bureau of California has released its latest report on workers’ comp losses and expenses for 2020. Key findings in the report, 2020 California Workers’ Compensation Losses and Expenses include: Medical losses paid in 2020 were …

Washington Psych Hospital Employee Charged with Molesting Patients

Prosecutors have charged an employee at Washington state’s largest psychiatric hospital with four counts of molesting four female patients, according to court records made public Friday. Christopher Conley, 47, was charged on Thursday with taking “indecent liberties” with the four …

Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals

Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals. CyberPro Medical Billings offers financial protection against HIPAA billing and coding regulation violations …

Travelers Adds Endorsements to MedFirst Policy for Medical Technology Industry

To fill in the potential coverage gaps not covered by a traditional general liability policy, Travelers has introduced MedFirst Plus, four new coverage endorsements to its MedFirst policy for the medical technology and device industry. The new Travelers MedFirst Plus …

XL and Hays Affinity Launch Dental Professional Liability Program

XL Group plc’s Select Professional insurance underwriting unit and Hays Affinity Solutions have teamed up to offer professional liability insurance for dentists nationwide. “This coverage provides dentists with indispensable financial protection to safeguard their livelihoods and keep their careers moving …

MetLife Offers Business Travel Medical Coverage to Employees on Assignment

MetLife has launched International Business Travel Medical (IBTM) coverage. IBTM provides assistance and coverage for emergency and urgent medical care for employees traveling on short-term assignments outside their country of residence. MetLife’s IBTM coverage allows business travelers to seek emergency …

Farmers Settles Medical Reimbursement Class Action Suit

Farmers Insurance announced late last week that it had agreed to settle a nationwide class action lawsuit regarding the medical bills of persons involved in car accidents. The settlement may affect Farmers policyholders, or those who were being paid for …

Markel Introduces Medical Umbrella Product

Markel Corp. has launched a new umbrella product for Allied Healthcare accounts. This product will serve as a lead umbrella policy over eligible Allied Healthcare lines such as hospitals, medical labs, pharmacies, surgery centers and clinical trials up to $10 …