Will a Low Risk Medical Specialty career choice lower your chance of being involved in a malpractice claim? The obvious answer is yes. The question is by how much. A study by the New Journal of Medicine (August 2011) found there to be a great deviation. In the sample pool of over 40,000 physicians, the study found that high-risk specialties such as neurosurgery and OB/GYN had a 99% chance of being involved in a malpractice…
According to the Insurance Information Institute (2011), although “premiums are now stable and the frequency and severity of claims has moderated, some observers see the beginning of a reversal”. A 2010 study by Conning notes that “medical malpractice profitability cycle has peaked…a number of factors will challenge insurers and possibly lead to higher losses over the next few years”. These factors include: Outpacing other tort areas, costs to defend/settle medical malpractice cases are continually rising…
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