Medical Malpractice Insurance News

MLMIC’s Q2 financials show continued strength and stability for New York’s leading medical liability insurer. In a constantly changing insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.

To reduce the potential liability related to negligent credentialing, MLMIC encourages all hospitals and healthcare facilities to ensure both rigorous credentialing and thorough follow-through of all steps in the process.

A recent report, published in the Journal of Toxicology, found that people in the United States are making errors in dosing medications at home. Healthcare providers should be cognizant of the need for patient and caregiver education in the proper administration of both prescribed and over-the-counter medications.

NYS Department of Health (DOH) regulations allow patients to self-administer medical marijuana in the facility during their hospital stay. Facilities that allow patients to self-administer any medications should ensure that all aspects of the regulation are included in their policies and procedures.

Policyholders have reacted to the Berkshire Hathaway agreement with enthusiasm and questions that we receive are typically about the transaction’s timing, payout, next steps and notices.

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.

The newest edition of The Albany Report arrives on the heels of a NYS legislative session that included some surprises and disappointments for the medical malpractice insurance market.

MLMIC is pleased to announce that DFS approval of MLMIC’s 2017 rates means that base rates remain unchanged for all physician policyholders for July 1, 2017, to July 1, 2018. DFS also approved a number of specialty class changes and a small adjustment to how entity rates are calculated.

MLMIC supports exploring ways to reduce the barriers that computers in exam rooms may introduce into the physician patient relationship. Actively engaging patients in the process of incorporating their health concerns into the EHR may be beneficial to both the patient and the provider.

While there’s no getting around the intense emotions involved in being sued, a solid support system makes a big difference. This includes not only family, friends and colleagues but also skilled legal counsel.