The Standard | The Premier Publication for Medical Professionals Nationwide.

April 16, 2012
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Innovative Option Now Available For Ob-Gyn Group Medical Malpractice Insurance

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Diederich Healthcare is proud to present an innovative and cost-effective option now available to Obstetrics/Gynecology groups for their medical professional liability insurance.  Working with a National “A-Rated Insurance Carrier—participating groups can save 25% or more on their malpractice insurance premiums. The program includes the following activities and resources: In-depth Medical Practice Site Survey by a Risk Management Consultant Hospital Ob-Focused Risk Mapping (with hospital consent) Patient Safety Information Survey Basic Ob Tool Kit (including prenatal…

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April 13, 2012
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Lower Medical Malpractice Insurance Premiums in the Southeast

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Doctors have seen the premiums for their professional liability insurance policies decrease for several years in a row throughout the Southeast.  Physicians have enjoyed decreases since 2004 in many states and now often pay less that 50% for their policies than they did six or seven years ago.  Many states have enacted tort reform and have placed caps on non-economic damages involving medical malpractice lawsuits.  Physicians in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina,…

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April 09, 2012
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The status of Tort Reform and Non-Economic Damage Caps in Florida

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What is the current status of tort reform in Florida regarding medical malpractice lawsuits?  The Supreme Court in Florida is about to decide on Medical Malpractice Caps in the state.  The case currently being evaluated (Evette MccAll v. United States of America S11-1145) was recently presented to the top court in Florida and oral arguments were given on both sides.  The case challenges the law that was enacted in Florida in 2003 which caps non-economic…

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April 06, 2012
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Tampa Bay, Florida – Medical Malpractice Insurance Market

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Many physicians in Hillsborough and Pinellas Counties have experienced lower annual premiums for their medical malpractice insurance.  Many specialties, including Family Practice, OB/GYN, General Surgery, Cardiology, Neurology, Internal Medicine, and Orthopedic Surgery have benefited from lower medical malpractice insurance premiums.   Physicians and Surgeons have been able to develop a more profitable business by lowering their cost of their Professional Liability insurance. The standard limits of liability in Florida are $250,000 / $750,000. The discounts that…

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March 28, 2012
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Tort Reform, Medical Malpractice Caps and Options for Physicians in Oklahoma

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Responding to continually increasing premiums in the 1990’s and early 2000’s, many stated enacted tort reform laws imposing limits on non-economic damages believing that exorbitant jury awards were the cause of increasing insurance premiums for physicians, and the imposition of caps on awards would thwart the growing medical malpractice insurance crisis. By 2006, 32 states had enacted some form of tort reform.  Oklahoma re-initiated tort reform in 2009 after previous attempts in the early 2000’s…

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March 22, 2012
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California Physicians: Know Your Policy Form (Claims Made vs. Claims Paid)

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California physicians have a number of options when it comes to shopping for their professional medical liability insurance. A common question from medical physicians is, “Why are claims paid insurance policies less expensive than claims made insurance policies?” A policy that has continued to attract California medical providers is the “claims paid” policy form. This policy offered by physician cooperatives or medical trusts offers extremely low insurance rates that are considered “assessments” rather than annual…

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March 15, 2012
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2012 Medical Malpractice Insurance Payout Analysis

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The 2015 Medical Malpractice Payout Analysis has been released and is available here. As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2011 as recorded by the National Practitioner Data Bank.  Taking the data from the NPDB’s records, statistics were selected that will be both interesting and timely to doctors and all other medical professionals.  Toward the end of the infographic there is…

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March 05, 2012
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Alabama Medical Malpractice Market Update

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Multiple events in 2011 have continued to lower medical malpractice premiums in Alabama. Carrier competition has created an Alabama marketplace where the physicians can benefit from lower costs of professional liability coverage. The following changes contributed to the rate decreases many physicians are now seeing in their practices: Medicus Insurance Company enters Alabama Norcal Mutual acquires Medicus Insurance Company The Doctors Company acquires FPIC group Medicus Insurance Company receives “A” rating from A.M. Best A.M….

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February 29, 2012
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Congress OKs Measure Averting 27.4% Physician Pay Cut

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The US Senate and House approved a payroll tax package which includes a provision to stave off a 27.4% cut in physician Medicare payments that was scheduled to be effective tomorrow—March 1,2012.   The bill also freezes physicians Medicare payment rates at their existing level until December 31, 2012. To learn more, click here. To contact the author, call 800-457-7790 and ask for Mike Taskila.

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February 27, 2012
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New York Medical Malpractice Insurance Environment Stabilizes

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After the onslaught of activity, ignited by the injection of risk retention groups (RRGs) entering the New York Medical Malpractice Insurance market, it appears the “inventiveness” of the RRGs entrance has become yesterdays news.   Once the talk of New York State,  RRGs are now commonplace in the malpractice insurance arena.  This leads to the question, “what lies in store for the medical community and citizens of New York?”. Even though RRGs have been operating in…

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