Tag: medical malpractice insurance in New York

Diederich Data: New York Has Highest Per Capita Medical Malpractice Payout

New York is among only three states with total medical malpractice payouts exceeding $300 million in 2017. In addition, its total payout of $617,973,000 earns it the distinction as the state with the highest per capita payout ($313) in the nation.

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Recent Insolvencies Speak to the Risks of Insuring with an RRG

Physicians in NYS may experience problems, distractions and disruptions if insured by an RRG that has been declared insolvent. As a service to our policyholders, we are providing information that describes what to expect if your RRG is declared insolvent.

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Media Reports Major Medical Malpractice Insurance Carrier Ousts CEO

Media reports indicate that New York State has ousted the CEO of the state’s second largest medical malpractice insurance carrier. Although dramatic changes like this may give the appearance of instability in the entire market, MLMIC assures policyholders that their coverage is not at risk and MLMIC continues to demonstrate sound financial condition.

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Politico NY Reports Loss of Revenue for Major Medical Malpractice Insurance Carrier

While MLMIC continues to demonstrate financial strength, Politico New York has reported that one of the state’s major malpractice insurance carriers has both a negative surplus and declining revenues.

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