Author Archives: Steve Whalen

Jury Verdicts Against Doctors Skyrocketing

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Bu Matt Gracey They are called “shock losses” but industry experts are no longer shocked, but rather in a state that I would best describe as numb. Juries around the country are awarding mind blowing amounts to patients suing their doctors in medical malpractice cases. Lawsuits that end in awards over $10,000,000 against doctors are

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Employer Liability vs. Workers’ Comp: Know The Difference?

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By Tom Murphy Confusion can reign when it involves employers trying to determine if something falls under their workers’ compensation coverage or their employer liability coverage. The fact is, many employers/medical practices do not even carry employer liability insurance, otherwise known as EPLI. In Florida, any non-construction employer with four (4) or more employees is

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Update on Florida Workers’ Compensation

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By Tom Murphy As we prepare for the mass migration of workers’ comp professionals to the annual WCI meeting in Orlando this August, we want to provide a brief update on the current state of workers’ compensation in Florida. The Florida Department of Insurance, at the recommendation of the National Council on Compensation Insurance (NCCI),

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Increasing Trouble with “Tails”

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By Matt Gracey As more doctors join hospitals or are considering doing so we are seeing more trouble created in the transactions by the doctors’ malpractice insurance tail issues.  Once a doctor terminates his or her coverage for their practice and moves into a hospital practice their policy coverage will burn up almost completely unless

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It’s Time for Florida NPs to Seek Malpractice Insurance Coverage Shelter

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In the wake of the March 13, 2014 Florida Supreme Court ruling that a 2003 law limiting damages in medical-malpractice cases was deemed unconstitutional, a more difficult, “hard market” was predicted to hit Florida’s malpractice insurance market soon. Much like the dark storms on the horizon indicating a coming storm, we are starting to see

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Florida Approves Second Workers’ Comp Rate Decrease in Six Months

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By Tom Murphy For the second time in six months, the Office of Insurance Regulation (OIR) has approved a rate decrease that will affect all Florida businesses. Insurance Commissioner David Altmaier’s statement attributes the 1.8% overall decrease to the recent federal Tax Cuts and Jobs Act. The new rates will take effect for all new

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Cyber Attacks in Healthcare

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By Julie Danna – Last November I read an article on cyber attacks in healthcare that broke down the price of data on the black market. It estimated that a credit-card number is worth $1, a Social Security number is worth $3, and a medical record is worth $200. This really caught my attention and

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Florida Supreme Court Overturns Malpractice Damage Awards Cap

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By Matt Gracey The Florida Supreme Court’s recent overturn of the caps on non-economic damage awards in medical malpractice cases is the final nail in the coffin of tort reforms enacted in 2003. The frequency of lawsuits against doctors and correspondently the premiums for malpractice insurance in Florida since 2003 have dropped on average about 65%

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