All Posts Written By Matt Thompson, Author at Diederich Healthcare - Page 3 of 3

shutterstock_135600194

New York Medical Malpractice Insurance Environment Stabilizes

Posted by | Uncategorized | No Comments

After the onslaught of activity, ignited by the injection of risk retention groups (RRGs) entering the New York Medical Malpractice Insurance market, it appears the “inventiveness” of the RRGs entrance has become yesterdays news.   Once the talk of New York State,  RRGs are now commonplace in the malpractice insurance arena.  This leads to the question, “what lies in store for the medical community and citizens of New York?”. Even though RRGs have been operating in…

Read More

New Jersey Medical Malpractice Insurance Market Softening

Posted by | Uncategorized | No Comments

New Jersey policyholders’ surplus increased $7.8 billion to $564.7 billion at March 31, 2011, from $556.9 billion at year-end 2010. Additions to surplus in first-quarter 2011 included insurers’ $7.8 billion in net income after taxes, $3.9 billion in unrealized capital gains on investments (not included in net income), $1.5 billion in new funds paid in (new capital raised by insurers), and $0.4 billion in miscellaneous additions to surplus, according to ISO, Inc. As a result,…

Read More

Risk Retention Groups and their impact in New York

Posted by | Uncategorized | No Comments

The State with the largest demand for medical malpractice insurance alternatives has been New York.  The New York medical malpractice insurance market has long been considered overburdened with high claims severity and overregulated by a Department of Insurance that has virtually taken control over the pricing of policies for traditional carriers. New York implemented a series of significant rate increases from 2003-2007 to correct artificially low rates and dwindling reserves from existing carriers.  However, in…

Read More
Quality, cost-effective medical professional liability insurance for medical professionals. Get A Quote Now!