Business Credit Business Travel Franchises Personal Finance Sales & Selling Technology Women in Business Careers E-Commerce & Internet Finance & Accounting Labor & Employment Management Marketing & Advertising Operations Starting a Business > See All

Buying a Franchise Growing Your Franchise Franchising Your Business Franchise Directory Business-to-Business Franchises Children's Franchises Home Service Franchises Restaurant and Food Franchises Travel and Leisure Franchises > See All

Business Intelligence Small Business Blog Business Planning E-Commerce & Internet Finance & Accounting Home-Based Business Human Resources & Employment Management & Leadership Marketing & Advertising Operations Sales Technology Women in Business > See All

Hiring & Firing Intellectual Property Internet & Technology Legal Mergers & Acquisitions Money & Fundraising Real Estate/Landlord-Tenant Sales & Marketing Starting a Business Business Guides Forms Kits > See All

Construction Medical Practices Restaurants Retail Trade Manufacturing Real Estate Wholesale Trade > See All

Accounting Advertising & Marketing Computers & Software Financial Services Human Resources Internet & Online Management Small Business > See All

Business Exchange Business Answers Buyer's Guides Professional Journals Glossary Trials & Downloads Partner Resources Podcast Library Quote Center Video Library Web Site Tools > See All

Awards in Malpractice Lawsuits Not to Blame for Rising Premiums, Study Says.

Publication: Knight Ridder/Tribune Business News
Date: Saturday, June 21 2003

By Phyllis Jacobs Griekspoor, The Wichita Eagle, Kan. Knight Ridder/Tribune Business News

Jun. 21--New research by Weiss Ratings, a Florida-based consumer advocacy group, suggests that huge awards of damages in malpractice lawsuits are not to blame for spiraling premiums paid by doctors for malpractice coverage.

In fact, the study shows that in states -- including Kansas -- that have adopted caps on non-economic damages, premiums have gone up faster than in states with no caps, even though insurers saw a much slower increase in the amount of the average

To read the rest of this article, click here to take a free trial

In addition, make sure to read these premium articles also available with your free trial:

Hard market spurs captive growth: A variety of factors, including...

For nearly 10 years, the temptation was immense. Insurers were cutting rates with every renewal and aggressively pursuing employers they previously shunned. Some of those ......

Mortgage financiers cool on CGU insurance sale.(Brief Article)

THE AUSTRALIAN COMPETITION and Consumer Commission is understood to be canvassing reaction from the home loans industry to the acquisition of mortgage insurer CGU Insurance ......

Insurance Groups Fire Back Over Critical Comp Article.

Last February, Consumer Reports magazine ran a story highly critical of the current condition of the country's workers' compensation insurance system. In the months that ......

Ergonomic Woes.

A closer look at OSHA's ergonomic proposal shows that the federal government could end up making decisions about ergonomics claims. Now that the U.S. House ......

We're pretty good when we look ourselves over: Read this survey of...

That was the headline on this story in 1928. Today, ours would be "How homesteading bit the dust." This story contributes to several of our ......

12 factors to consider in workers' compensation liens.

The pursuit of a workers' compensation subrogation claim can be broken down into two phases, the development phase and the negotiation phase. During the development ......

Insurers dub fraud serious problem. (National Report).

More than one-third of insurers believe that the amount of fraud has increased over the past three years, in contrast to 6 percent of insurers ......

Soften the blow of a "hard" insurance market.

Many outdoor power equipment dealers saw insurance renewal rate increases between 10 and 30 percent, some even higher over the last two years. And, the ......

Bringing high-level HPM theory to the street.

All eyes are on health and productivity management to help employers ease the sting of rising premiums and medical inflation, as well as stay competitive ......

T T T

Digg It

del.icio.us

Related Resources

Free AllBusiness Articles

Anticipating and controlling rising malpractice insurance costs

IMAGE PHOTOGRAPH 1 The unprecedented proliferation of large jury awards and settlements in medical malpractice cases over the past few years is expected to continue in 2002 and beyond. As a result, most major malpractice insurance carriers have experienced a deterioration of their loss ratios. Malpractice insurance premiums have skyrocketed, ......

Damages caps, insurability, and the performance of medical malpractice insurance.

ABSTRACT This article uses the complete property-casualty insurance files of the National Association of Insurance Commissioners from 1984 to 1991 to assess the effect of medical malpractice reforms pertaining to damages levels and the degree to which these damages are insurable. Limits on noneconomic damages were most influential in affecting ......

Anticipating and controlling rising malpractice insurance costs.

Escalating malpractice insurance costs can take a huge bite out of providers' budgets, but measures are available to ease the pain. The unprecedented proliferation of large jury awards and settlements in medical malpractice cases over the past few years is expected to continue in 2002 and beyond. As a result, ......

California keeps malpractice rates in check.

Strong competition among a handful of healthy carriers and a law limiting damages in medical malpractice cases have helped control insurance rate hikes in California and ensure there is adequate coverage for even the most risky specialties. "Our insurance premiums are increasing but at a predictable and stable rate," said ......

Rising malpractice coverage rekindles reform push.

As medical malpractice rates have soared elsewhere in the nation, California doctors have been protected by the state's groundbreaking law putting a $250,000 cap on damages for pain and suffering--at least that's been the prevailing wisdom. But a study done on behalf of the Santa Monica-based Foundation for Taxpayer and ......

Colorado Senate Bill 164 increases medical malpractice caps for non-economic damages

Senate Bill 164 is pitting doctors and their insurers against consumer advocates and trial attorneys. The bill increases medical malpractice caps for non-economic damages such as pain and suffering, loss of enjoyment of life and emotional distress. The bill raises caps on non-economic damages in medical malpractice lawsuits from $250,000 ......

Cap on Malpractice Awards Under The Microscope

In June, fourth-year UCSD medical student Kendal Hamann will be one step closer to realizing her dream of becoming an internist. When she becomes a resident doctor treating patients, Hamann's chances of making the kind of mistake that could land her in a courtroom will also rise substantially. Medical malpractice ......

Forms

Basic Facts About Registering a Trademark (Patent & Trademark Office)

This is a pamphlet published by the U.S. Patent and Trademark Office giving general information about trademarks.

All Forms

Blogs

Health insurance rates increases may be slowing

Preliminary results released today from Milliman´s 2006 Group Health Insurance Survey indicate the lowest rate increase in seven years. This is the fourth year in a row in which the rate of increase has declined. The 2007 estimated January renewal increase of 9.7% for Health Maintenance Organizations (HMOs) is 0.9% ......

Don't Get Sued in These States

A $54 million lawsuit against a Washington, D.C. dry cleaner was tossed out of court this week, but the case might have ended differently if it had been filed in one of these lawsuit-happy states.

Med mal claims stabilized

Insurance claims against doctors, nurses and other medical professionals have stabilized for the first time in years, according to the seventh annual Aon Hospital Professional Liability and Physician Liability Benchmark Analysis. While that is good news for the medical community, the bad news is that the average size of malpractice ......

Physicians:1, Lawyers: 0

Healthcare Underwriters Group of Florida (HUFL), a physician owned and governed medical professional liability insurance company, announced the receipt of a check that confirms an important victory in HUFL's ongoing campaign to stop nuisance claims against Florida doctors. The original victory came on August 12th, 2005 when a Broward County ......

All Bloggers