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Medical Liability Insurers Express Short-term Optimism, Long-term Concern for Competitive Pressures
U.S. medical professional liability insurers anticipate their primary rate levels to decrease in 2008 when compared to 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last year, according to a survey of medical liability insurance executives conducted by reinsurance broker Collins. (Posted: 4/29/2008)
Ohio: Insurance Department Issues Second Annual Ohio Medical Liability Closed Claim Report
The Ohio Department of Insurance has issued its second annual Ohio Medical Liability Closed Claim Report, Director Mary Jo Hudson announced. Data collected from entities providing medical malpractice coverage to Ohio health care providers and health care facilities shows a total of 4,004 medical malpractice claims were closed in 2006. (Posted: 1/31/2008)
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New Jersey: Assembly Panel Moves PIP Medical Fee Schedule Bill Opposed by Insurers
The Assembly Insurance and Financial Institutions Committee last week approved bill 9A-1821 that would effectively derail the adoption of a personal injury protection medical fee schedule, despite the unified opposition of property/casualty insurers. (Posted: 1/29/2008)
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Medical Malpractice Furor Started in 2001 Slows Down, for Now
According to Gen Re, a medical malpractice reinsurer, states that have passed tort reform have seen a significant drop in the number of claims filed, yet, ironically, those that have not passed reform have also experienced a decline. (Posted: 1/21/2008)
Medical Malpractice Poised for Long-term Stability
Medical malpractice insurance has been stable since its last market disruption in the early 2000s, and is now poised for continued profitable growth, according to a new study by Conning Research & Consulting, Inc. (Posted: 1/16/2008)
U.S. Tort Costs Down in 2006, According to Towers Perrin Study
U.S. tort costs totaled $247 billion in 2006, which is approximately $825 per person and $57 less per person than in 2005, according to the 2007 “Update on U.S. Tort Cost Trends” from the Tillinghast insurance consulting practice of Towers Perrin. Tort costs declined by 5.5 percent in 2006, which is significantly lower than the growth rate of 0.4 percent in 2005, 6 percent in 2004 and 5.5 percent in 2003. (Posted: 12/18/2007)
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New Jersey: Senate Commerce Committee Urged to Hold PIP Medical Fee Schedule Bill
NAMIC has joined with the Insurance Council of New Jersey and other insurance trade groups in opposing legislation that would derail the implementation of a comprehensive personal injury protection medical fee schedule. (Posted: 12/4/2007)
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Missouri: Positive Impact of 2005 Workers’ Comp, Med Mal Reforms Reported
Gov. Matt Blunt and the Missouri Chamber of Commerce released news reports during the last week of September, affirming the beneficial impact of workers' compensation and medical malpractice reforms enacted in 2005. (Posted: 10/9/2007)
Pennsylvania: Insurance Department Decides Not to Increase Medical Malpractice Limits
Deputy Insurance Commissioner Randy Rohrbaugh said Friday, July 20 that there is not evidence of sufficient market capacity at the current time to mandate an increase in medical malpractice insurance limits in Pennsylvania. (Posted: 7/23/2007)
More Catastrophe-Related Laws Enacted in 2006, Annual NAMIC Survey of State Insurance Laws Reveals
Enacted catastrophe-related laws increased dramatically in the states last year, according to the annual survey of state insurance laws prepared by NAMIC. (Posted: 2/22/2007)
Study: U.S. Tort Costs Total $261 Billion in 2005 (12/14/2006)
Florida: Insurance Department Releases 2006 Report on Medical Malpractice Market (12/5/2006)
Missouri: Insurance Department Releases Medical Malpractice Report (10/17/2006)
Ohio: First Time in Five Years, Medical Liability Insurance Rates for Decline (10/13/2006)
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Illinois: Trial Lawyers Stymied as Spring Session Ends (5/22/2006)
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MedMal: Senate Halts Medical Malpractice Talks (5/15/2006)
New Study: Tort Reforms Reduce Medical Malpractice Premiums; NAMIC Comments (5/5/2006)
Experts Deliver One-Two Punch to Critics of Medical Malpractice Insurers (4/28/2006)
Auto Insurance-Related Bills Dominate 2005 Legislation Enactments, Annual NAMIC State Laws Survey Shows (3/31/2006)
NAMIC 2005 Survey of New State Insurance Laws Summary and Analysis (3/31/2006)
U.S. Tort Costs Reach a Record $260 Billion, According to Tillinghast Study (3/14/2006)
Wisconsin: Medical Malpractice Cap Bill Sent to Governor (3/10/2006)
Insurance Regulatory Reform, Asbestos Reform Top NAMIC’s 2006 Federal Affairs Agenda (3/1/2006)
Hurricane Katrina and Tort Reform Highlight 50 Most Visited News Stories in 2005 (1/4/2006)
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Wisconsin: Governor Vetoes Bill to Re-Establish Non-Economic Damage Caps (12/5/2005)
New Study Demonstrates Medical Liability Insurance is Fairly Priced (10/14/2005)
Illinois Governor Signs Medical Malpractice Reform (8/26/2005)
Number of Federal Tort Trials Fell By Almost 80 Percent from 1985 Through 2003 (8/18/2005)
United States House of Representatives Approves Medical Malpractice Bill (7/29/2005)
Wisconsin: State Supreme Court Strikes Down Cap on Malpractice Awards (7/15/2005)
Pennsylvania Insurance Department Concludes Findings on Medical Malpractice Insurance Capacity (7/11/2005)
Millions of Americans Have Lost Doctors Because of Liability Fears, Poll Finds; NAMIC Comments (7/7/2005)
Arizona Group Gears Up to Fight Medical Malpractice Costs; NAMIC Comments (6/28/2005)
Illinois: State Chamber Official Confident Malpractice Legislation Will be Upheld if Challenged in Courts (6/21/2005)
Two New Studies Show that Medical Liability Reforms Work (6/1/2005)
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