An organization created by state law to offer medical malpractice insurance is threatening to sue if Pennsylvania state government tries to take $200 million from it.
The nonprofit Pennsylvania Professional Liability Joint Underwriting Association said Monday that the state doesn’t own the money and has no right to seize it.
The association sued in federal court to block the state from borrowing that amount in the recently ended fiscal year to help balance its deficit-riddled budget. Legislation passed by the Senate last week would abolish the association if it doesn’t hand over $200 million by Nov. 1.
The bill says the money doesn’t belong to association members or people or groups covered by its policies. It says the money belongs to the state.
The bill is pending in the House.
Topics Lawsuits Carriers Pennsylvania
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
After 55 Years in Florida Insurance, Tom Lynch Reflects on Agencies, Changes Needed 
Former Insurance Agent Sentenced to Jail for Fraud, Again 
