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New York Archives - Diederich Healthcare

July 12, 2018
3

New Admitted Carrier Offering Malpractice Insurance Coverage in New York

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The Doctors Company (TDC), the largest physician-owned malpractice insurance carrier, was approved to start offering coverage on an admitted basis to New York physicians and healthcare providers. This is an encouraging development for New York physicians, who traditionally have had only a few admitted carriers available in the state to choose from. Because of the lack of admitted options, recently many New York physicians and practices have considered coverage with Risk Retention Groups (RRG). This…

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February 19, 2014
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2014 Medical Malpractice 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 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…

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May 02, 2013
3

2013 Medical Malpractice 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 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…

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August 30, 2012
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July 1, 2012 New York Medical Malpractice Insurance Rates Are Final and Excess Coverage Is Still a Question For Many Physicians.

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New York physicians, unless they have been on sabbatical, are aware of the rate increases from the admitted carriers writing malpractice insurance coverage in New York.  With a few deviances for some specialties, the New York admitted carriers, such as Physicians’ Reciprocal Insurers and Medical Liability Mutual Insurance Company, increased their rates approximately 4% effective July 1, 2012. This does not come as a big surprise to most.  Also, this increase most likely is not…

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May 30, 2012
0

2012 Northeast Medical Malpractice Payout Analysis

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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 Northeastern United States. To view the infographic depicting the entire…

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March 15, 2012
1

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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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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December 28, 2011
0

Risk Retention Groups and their impact in New York

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The State with the largest demand for medical malpractice insurance alternatives has been New York.  The New York medical malpractice insurance market has long been considered overburdened with high claims severity and overregulated by a Department of Insurance that has virtually taken control over the pricing of policies for traditional carriers. New York implemented a series of significant rate increases from 2003-2007 to correct artificially low rates and dwindling reserves from existing carriers.  However, in…

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