Medical malpractice

How Medical Liability Insurance is Changing

The elderly population is booming, set to double in size by 2050.1 As this increase occurs so will the number of facilities needing Allied Medical policies, including: medical clinics, hospice care, healthcare staffing, and adult day care facilities. Currently, premiums written in the property and casualty industry for Allied Lines equates to more than $9.1 billion,…

Trends, Tips, and Insights on Medical Malpractice Insurance

By 2020, the healthcare industry is projected to add over 4.2 million jobs.1 As a result, many retail brokers and agents are targeting this booming segment to grow their book of business. However, if a broker is unfamiliar with working on Medical Insurance policies they may overlook a coverage exposure that could result in a…

Understanding Coverage Changes in Medical Malpractice Insurance

The population is constantly growing, with millenials surpassing the largest generation before them – the Baby Boomers.1 As Baby Boomers age, the medical field is experiencing a greater demand for their services. An increased population that needs medical care also affects the expansion of healthcare benefits and increases medical-related lawsuits. “As one of the fastest…

Policy Prescription How healthy is your clients’ medical professional liability coverage?

Policy Prescription

  The 1374 trial of Stratton v. Swanlond was history’s first-ever recorded medical malpractice case. Back then, the plaintiff received 40 English pounds: worth about $38,000 (US) today1. In contrast, medical malpractice suits now cost the healthcare sector upwards of $35 billion with one out of every 14 doctors facing a suit every year2. The…

The Doctor Will See You Now

What you need to know about telehealth medicine, tech innovations and the new exposures they create. As the healthcare landscape shifts from fee-for-service to fee-for-value, companies and physicians providing telehealth services are becoming essential in improving access to care. Businesses like American Well, Doctor on Demand and Teladoc are part of a growing marketplace that…

What Every Broker and Agent Needs to Know About the Affordable Care Act

Prepare yourself. The Affordable Care Act (aka Obamacare) is changing more than the way Americans buy their health insurance. It will dramatically shift the way physicians purchase their professional liability insurance as well. “Medicare reimbursements are a huge part of this,” says Brad Rosgen, Healthcare Practice Leader at Burns & Wilcox. “Reimbursements are decreasing for…

Medical Malpractice A mix of standard and nonstandard coverages

Medical Malpractice: A Mix of Standard and Nonstandard Coverages

The new federal healthcare law brings insurance coverage to tens of millions of previously uninsured Americans. As it unfolds, there will likely be many changes both in demand for medical services and in how that demand is met. But the expected scenarios may not be realized. Even as the law was being signed, Republicans were…