Diederich Healthcare, a division of Diederich Insurance Agency, LLC; has released their 2016 medical malpractice payout analysis, and the data shows that malpractice payouts increased for the third consecutive year in 2015. Last year, payouts across the United States totaled $3.95 billion, an increase of 1.68% from 2014. New York remained at the top as the state with the highest medical malpractice payout total, a place that the state has held all five years that…
The Medical Malpractice Insurance Market has changed drastically in the state of Florida. Over the last few years, the following changes have created the landscape we see today: Florida’s largest Medical Malpractice Insurer, First Professionals Insurance Company is acquired by The Doctors Company. Medicus Insurance Company enters the Florida market Florida Doctors Insurance Company changes their name to FD insurance to expand into Georgia Medicus Insurance Company is acquired Norcal Mutual Insurance Company FD Insurance…
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 2013 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. Interestingly, 2013 marked the first time since…
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 2012 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. At the beginning of the infographic there…
Although a lot of information on the World Wide Web is very inaccurate; patients, physicians, office managers and administrators can find helpful information with a few clicks of the mouse. There are three, state sponsored websites that can provide a tremendous about of information. For patients, the experience and claims history of a physician is something one should know before going in for surgery. For an office manager, the same information is good to know…
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. The data represented in this particular infographic is for the Southeastern United States. To view the infographic depicting the entire…
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,…
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…
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…
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…
Recent Comments