malpractice insurance News

TPG’s Exactech Goes Bankrupt After Lawsuits Over Recalled Implant Devices

Exactech Inc., a maker of joint-replacement implants owned by TPG Capital, has filed bankruptcy after being accused in more than a thousand lawsuits of making defective hip and knee implants that hurt patients. The Florida-based company sought court protection Tuesday …

Florida Suspends Doctor’s License After Fatal Surgery That Removed Wrong Organ

A Florida surgeon’s license was suspended last week after he reportedly removed the wrong organ from a patient, leading to the man’s death. Dr. Thomas Shaknovsky, working at Ascension Sacred Heart Emerald Coast Hospital near Fort Walton Beach, made repeated …

Vermont Hospital to Bring Captive Insurance Firm to State

The University of Vermont Health Network is going to bring a wholly owned insurance company home to Vermont. The UVM Network’s captive insurance company, which provides malpractice insurance for its medical providers, is currently located in Bermuda. The network’s board …

Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise

Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new malpractice claims brought against …

N.J. Court: Doctors Don’t Have to Disclose They Lack Malpractice Insurance

The New Jersey Supreme Court has ruled that doctors don’t have to tell patients whether they have malpractice insurance for surgeries they’re recommending. The Record reports the unanimous ruling made Tuesday stemmed from a lawsuit against Richard Kaul. Officials say …

Change to Connecticut Medical Malpractice Law in Dispute

State lawmakers are moving ahead with legislation they say will fix a problem with Connecticut’s medical malpractice law that has kept some legitimate lawsuits out of the courts, despite heavy opposition from the medical industry. The current law, enacted in …