The insurance industry and the National Association of Insurance Commissioners are mobilizing to thwart an effort to add an amendment repealing the McCarran-Ferguson Act to legislation scheduled to be taken up by the House Monday.
The insurance industry and the National Association of Insurance Commissioners are mobilizing to thwart an effort to add an amendment repealing the McCarran-Ferguson Act to legislation scheduled to be taken up by the House Monday.
Jack McCalmon, president of The McCalmon Group Inc. in Tulsa, Okla. and partner at Titus Hillis Law Firm in Tulsa, advises risk managers to get involved early and often with their companys litigationand to lobby for settlements as the best cost-control strategy.
According to a report from the Florida Office of Insurance Regulation, medical-malpractice insurers saw their seventh consecutive year of profitability in 2010.
Medical-malpractice insurers are enjoying profitable results, even though rates are decreasing. Its a good time to be in this line of business, says Robert Allen, senior vice president of medical-professional liability for Torus.
When a medical-malpractice lawsuit hits a hospital, clinic or private practice, the facility and the physician are not the only ones at risk. Physician assistants and other physician extenders can be targeted alongside a physician or facility when suits are filed.
Only one in five malpractice claims against doctors leads to a settlement or other payout, according to the most comprehensive study of these claims in two decades.
Only one in five malpractice claims against doctors leads to a settlement or other payout, according to the most comprehensive study of these claims in two decades.
Private-equity firms are still interested in acquiring specialty wholesalers and managing general underwriters, but they are up against some aggressive competitors offering higher deal prices—like 6- to 8-times EBITDA, consultants say.
Private-equity firms are still interested in acquiring specialty wholesalers and managing general underwriters, but they are up against some aggressive competitors offering higher deal prices—like 6- to 8-times EBITDA, consultants say.