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

May 12, 2012
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Exclusive Malpractice Insurance Program for Illinois Obstetricians and Gynecologists

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Diederich Healthcare is pleased to introduce the first medical malpractice insurance program exclusively developed for the unique insurance needs of Obstetricians and Gynecologists and is now available in Illinois.  OB-GYN Risk Alliance, a risk purchasing group, is governed by practicing OB-GYNs across the United States who understand the unique issues and needs of OB-GYNs.  The OB-GYN Risk Alliance program’s medical malpractice insurance coverage is exclusive to OB-GYNs only and is offered in many states including…

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February 27, 2012
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New York Medical Malpractice Insurance Environment Stabilizes

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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…

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January 30, 2012
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New Jersey Medical Malpractice Insurance Market Softening

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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,…

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December 28, 2011
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Risk Retention Groups and their impact in New York

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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…

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