Author Archives: Steve Whalen

Review Employment Contracts Now Because of the New Med Mal “Tail” Markets

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By: Matt Gracey Many doctors’ employment contracts require malpractice-insurance-policy “tails” to be purchased so as to effectively turn a claims-made policy into a more desirable occurrence form of? coverage. In the last year, for the first time ever, a healthy market for optional stand-alone tail policies has developed. Instead of only being able to purchase

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Review Employment Contracts Now Because of the New Med Mal “Tail” Markets

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By: Matt Gracey Many doctors’ employment contracts require malpractice-insurance-policy “tails” to be purchased so as to effectively turn a claims-made policy into a more desirable occurrence form of? coverage. In the last year, for the first time ever, a healthy market for optional stand-alone tail policies has developed. Instead of only being able to purchase

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MedMal Q&A

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Q: With a more difficult, “hard market” predicted to hit Florida’s malpractice insurance market soon, what should we be considering in our medical practice to be prepared?  A: Just like creating hurricane plans before the fury of a storm descends upon you, now is a good time to be positioning your practice for the impending

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We keep hearing that a “hard” market is coming for malpractice insurance for Florida. What does this really mean and when should we be concerned?

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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

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Planning for the New 3.8% Medicare Tax on Unearned Income

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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

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Fast/Good/Cheap: You can have only two

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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,

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