The Texas Hospital Insurance Exchange, an Austin-based reciprocal insurance company, has announced an average 16 percent rate cut for its hospital liability subscribers, effective Dec. 1. Current THIE subscribers will receive the new rate when their policies renew. The company …
Governor Haley Barbour has been named the nation’s most outstanding governor and a 2006 Public Official of the Year in recognition of his resourcefulness and cool-headed leadership in the face of Hurricane Katrina. The award was given by Governing magazine, …
The new Congress will alter the insurance agenda on Capitol Hill, but losses for the industry are not a foregone conclusion. That’s the after-the-election take by the National Association of Professional Insurance Agents (PIA). “The more things change, the more …
The most important tort law development of 2006 is still up for grabs, with the U.S. Supreme Court expected to rule on Philip Morris’ appeal of a $79.5 million punitive damage judgment in a lawsuit brought in Oregon, according to …
The latest insurance industry data show continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost every sector, including medical malpractice, according to …
In 2005, medical malpractice insurers in Missouri recorded a positive underwriting result for the second consecutive year and the highest recorded number of new claims filed, according to the 2005 Medical Malpractice Insurance Report’s findings. Although the findings of this …
A Florida jury increased to nearly $217 million the damages awarded to a Tampa man who was left brain-damaged and disabled after hospital emergency room doctors misdiagnosed stroke symptoms. The Hillsborough County jury added $100.1 million in punitive damages for …
The Pennsylvania Supreme Court has rejected an effort by two high-ranking Republican lawmakers to revive a business-friendly law that would have altered how civil lawsuit awards are paid. In a one-sentence order released on Sept. 29, the court ruled unanimously …
The Physician Insurers Association of America (PIAA), a national trade association that represents doctor-owned and/or operated medical professional liability insurance companies, reported that medical liability reforms enacted in 2003 by the Texas Legislature have had an unprecedented impact on both …
Swollen and limp, Trudy Roy’s left arm hangs dead at her side. With its nerves shredded beyond repair, the limb is little but a source of pain for the 68-year-old former librarian, a constant numbness and ache, like the feeling …