The good news for doctors and Medical Malpractice insurers is that more than 90 percent of all medical-liability claims are settled out of court.
But less favorably for insureds: Nearly all plaintiffs, regardless of the ultimate settlement, wind up terminating the relationship with the physician in question and telling an average of 13 friends about their bad experience.
And despite that high settlement percentage, insurers still pay an average of $37,000 in defense costs per claim, according to Maury Magids, founder and CEO of Medical Malpractice carrier Capson Physicians Insurance of Austin, Texas.
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