Insurance News

Health Care Insurance Rate Increases Slightly Lower, Patient Portions Higher

Chicago-based Hewitt Associates, a human resources consultant firm, says that the average health care insurance cost increases are lesser this year, following a downward trend.  San Diego, CA, was one city which was profiled, and though their costs are slightly lower than other places in the nation, the average increase there will be 7 percent …

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Do I Need Malpractice Insurance for my MediSpa?

Do I need a Medispa (or med-spa) insurance policy? This is the most common question asked  about malpractice insurance for medical spas. The answer is YES!  Every medical spa should carry a medical malpractice insurance policy that provides defense and indemnity coverage in the event of a claim.  Forget the thinking that the doctors policy …

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“The Doctors Company” Lowering Premiums in California

Following the June 2008 acquisition of SCPIE, The Doctors Company is now 19,000 physicians strong in California.  Apparently, their position as a market leader in California has led to a recent decision to reduce rates by 10 to 30 percent for California physicians.  The request to reduce rates has been sent to the Department of Insurance in Sacramento …

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NORCAL Mutual Insurance Company Responds To Recent Credit Crisis

Norcal Mutual Insurance Company is a leading, California-based, Medical Malpractice Insurance company.  In direct contrast to the volatility of some of the major insurance players (particularly AIG), the CEO of Norcal, James Sunseri,  is very reassuring about Norcal’s financial stability. NORCAL Mutual Insurance Company has no significant exposure to the credit crisis that recently sent shockwaves up …

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The Doctors Company Acquires SCPIE (AHI)

The medical malpractice insurance industry has been buzzing with the news of the SCPIE (Southern California Physicians Insurance Exchange/American Healthcare Indemnity) acquisition by The Doctors  Company.  The Doctors Company, based in Napa, California, is now the largest insurer of physician and surgeon medical liability in the country.  Whether or not this proves to be better …

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Teleradiology Prompts Medical Malpractice Insurance Quandry

A California Radiology Group plans to hire a radiologist to read films from his home in Colorado.  A practice commonly referred to as teleradiology, a branch of telemedicine. This teleradiology practice raises questions concerning whether the physician is practicing medicine in California or Colorado and subsequently will the California-based insurance carrier extend coverage for this …

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Medical Malpractice Insurance Premium Freeze for New York

Governor Patterson of New York  signed a bill today (August 27, 2008) that proposes to give relief to physicians under the burden of astronomically rising medical professional liability insurance  premiums; suspend a proposed surcharge until June 2009; and give the State of New York additional time to develop a permanent solution to the medical malpractice …

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