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Doctors will not get back all of the money from a surplus at the state's largest malpractice insurer, but a settlement with the state will keep most premiums stable for 2008.
Insurance Commissioner Ralph S. Tyler announced Thursday that the Medical Mutual Liability Insurance Society of Maryland will return $84.1 million to the state to make up for subsidies that helped soften rising malpractice insurance rates during the past several years.
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When Maryland Democrats overrode Gov. Robert L. Ehrlich's veto of a medical-malpractice insurance-reform bill, which included a tax on health maintenance organizations (HMOs), earlier this month, House Speaker Michael E. Busch gushed, "I think the citizens of Maryland were the winners." And what exactly have Marylanders won? An increase on their HMO premiums that will cost families about $200 a year. In the slow-moving train wreck that has defined Maryland tort reform recently, HMOs did the most unsurprising thing of all in response to the 2 percent tax hike: They have passed the costs onto their customers.
Meanwhile, Mr. Ehrlich is busy saying "I told you so." Indeed he did. The crisis began last year when state regulators authorized the Medical Mutual Liability Insurance Society of Ma...
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The state's largest medical malpractice liability insurer is losing its attorney of 18 years during a time when the company and its industry are at the center of one of the hottest debates in Annapolis.
Stephen P. Carney, 54, is set to retire in January from Hunt Valley-based Medical Mutual Liability Insurance Society of Maryland as senior vice president, general counsel and secretary, said those who know him.
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Doctors' medical malpractice premiums will skyrocket an average of 41 percent next year, under new rate increases filed this week by the state's largest insurer.
The Medical Mutual Liability Insurance Society of Maryland, which insures around 75 percent of the state's doctors, filed for the rate increase with the Maryland Insurance Administration, adding further to the pressure on lawmakers to resolve the medical malpractice crisis and stem an exodus of doctors.
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...v. FACTORY MUTUAL INSURANCE COMPANY. ...See Equitable Life Assurance Society of the U.S. v. Brown, 213 U.S. 25, 47 (1909); Brow... as the directors saw fit, the liability of the company accrued as of the date of the...Medical Mut. Liab. Ins. Soc'y of Maryland, 500 A2d 1066, 1...
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Maryland physicians are bracing for another hike in medical malpractice premiums as two of the state's insurance providers prepare to raise rates by as much as 68 percent this year.
Indiana-based GE Medical Protective, which covers approximately 600 Maryland physicians, has filed for a 68 percent rate increase with the Maryland Insurance Commission. Hunt Valley-based Medical Mutual Liability Insurance Society of Maryland has not applied for a rate increase yet, but is anticipating a 40 to 50 percent hike on top of a 28 percent increase last year. MedMutual insures 75 percent of all Maryland physicians.
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... for disaster! In this extraordinary Maryland case, a teenage girl, who was hospitalized as a re... injuries to the rape victim a result of 'medical negligence' on behalf of the hospital so as to req..., was reacting to a medical malpractice insurance "crisis," which was recognized as only partially rresolved by the creation of the Medical Mutual Liability Insurance Society of Maryland. It was cl...
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Medical-malpractice settlements in Maryland have nearly doubled in less than five years, according an insurance company that covers about 75 percent of the state's doctors.
The average settlement for a medical-malpractice case has risen from $216,727 in 2000 to $410,546 this year, said John Franklin, a spokesman for Medical Mutual Liability Insurance Society of Maryland. Meanwhile, the number of malpractice cases filed each year has remained between 600 and 700, state officials say.
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The odds are stacked against a special session of the Maryland General Assembly to address medical malpractice insurance reform, and so the Senate commission looking at the issue will meet next month, said the group's chairman.
There's no magic to Nov. 29, said Sen. Brian E. Frosh, D- Montgomery, referring to comments made by House Speaker Michael E. Busch, D-Anne Arundel, that a special session must come before Dec. 1. That's the date bills are due for the roughly 6,000 doctors insured by Hunt Valley-based Medical Mutual Liability Insurance Society of Maryland, the largest malpractice insurer in the state.
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Medical malpractice insurance reform continues to be an issue steeped in politics, with Maryland's top three lawmakers barely able to agree on when they're meeting again, much less on things as substantive as tort reform.
It's making for a frustrating process for thousands of doctors, all waiting and hoping the governor, the Senate president and the Speaker of the House will come to an agreement and call a special session of the General Assembly before the beginning of next month. Bill are due Dec. 1 for roughly 6,000 doctors insured by Hunt Valley- based Medical Mutual Liability Insurance Society of Maryland, the largest medical malpractice insurer in the state.