Industry Updates

Fla. Supreme Court tosses medical malpractice caps

TALLAHASSEE, Fla. (AP) – Caps placed on how much money people can receive in cases where a doctor’s mistakes led to a patient’s death were declared unconstitutional by the Florida Supreme Court on Thursday. The lawsuit limits were part of a law then-Republican Gov. Jeb Bush pushed in 2003 in an effort to lower the …

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Physicians – Are you ready to compete with Wal-Mart ?

In the ever changing landscape of Healthcare in the United States, one never knows what will happen next. Presidio Insurance ran across this interesting article posted at http://conciergemedicinenews.wordpress.com/2014/03/18/trending-doctors-are-you-ready-to-compete-with-walmart/.  If there is money to be made, you can bet Wal-Mart will be looking at possible options. The new Super Super Wal-Mart will be opening in a …

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Norcal has AM Best Rating of A (excellent stable)

AM Best the insurance rating service has rated Norcal Mutual Insurance company “A” (excellent-stable).  This is the 28th consecutive year Norcal has maintained this excellent rating. Physician policyholders can rest assured Norcal continues to reflect the stability and strong operating performance we have all come to expect. We would be happy to review your current insurance …

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Accountable Care Organizations Lowering Risk and Rates

The California Medical Association defines an ACO as “a collection of physicians who join together to coordinate care, share clinical information and report on quality measures.”  A key part of healthcare reform, ACOs are intended to improve the quality of patient care.  In theory this improvement may translate to improved claims experience (e.g. fewer and less …

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Oregon Medical Malpractice Insurance Continues To Decrease

The major insurers have reduced their rates an average of 20% over the last five years. 2010 is continuing the trend as two professional liability carriers have recently announced lower rates effective April 2010. The Doctors’ Company has announced an average rate decrease of 5.1% while Medical Protective has announced an overall premium decrease of …

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