By Matt Gracey The market cycle for malpractice insurance in Florida has fairly predictable cycles, with extreme fluctuations in pricing and insurers’ underwriting. For example, the late 1990s and early 2000s were similar to market cycle we are presently in, which is the last bit of a “soft”, doctor-friendly section. As insurers lowered their rates

 By: Matt Gracey The claims exposure for doctors going into nursing homes is much higher than for their normal practice, so most malpractice insurance policies specifically exclude coverage for this exposure. Exceptions are sometimes made in the policy to cover you going into nursing homes specifically to see your own patients, and for very limited

By Tammy Clarke, CPA President Obama’s Patient Protection and Affordable Care Act proposes a new and unprecedented Medicare tax that will directly affect many physicians. The tax, which goes into effect on January 1, 2013, is made up of two parts: an additional .9% surtax on earned income in excess of  $250,000 for married couples

By Matt Gracey and Dan Reale Many physicians are not aware of the importance and relatively low cost of purchasing separate-entity coverage for their practice. A  separate-entity layer of coverage can protect the physician from a recorded loss if the claim can be settled under separate-entity coverage. This is a real advantage if the physician

By Matt Gracey of Danna-Gracey This quote relates well to the present state of the medical-malpractice-insurance market.  We are in a very “soft” market, meaning the premiums are low because the frequency of claims against doctors is at a historically low level in most areas.  This in turn has created more competition, looser underwriting practices,

By Matt Gracey Florida doctors are now enjoying a very “soft” buyer-centered market cycle, although I believe this is close to ending.  Back in 2000 we were in a similar market cycle, which led to many insurers pulling out of the state and the others dramatically increasing their malpractice-insurance rates a year or two later. 

By Jeff Grady In these tough economic times, insurance consumers are searching for ways to reduce costs and save money. It’s no different for physicians, many of whom may be looking to shop their professional liability insurance. When consumers shop around, carriers must compete for their business; that’s good for consumers. That advantage may be

By Bill Gompers  RACaphobia is defined as an intense and persistent fear of an RAC Audit.  As we have all become aware, RAC is an acronym that stands for Recovery Audit Contractor.  These contractors are charged with the responsibility of implementing the Centers for Medicare & Medicaid Services’ (CMS) program to mitigate overpayments to providers.