[NPInfo] Malpractice insurance

[Deb Kiley]

Greg- it seems like every now and again, we get another wake up call from the malpractice insurers. 
I have had insurance with Marsh (actually started several companies ago- that ended up as Marsh through consolidations, etc) since the 70s- and all the various turmoil over the years.

I was excited this June when I learned that AANP had negotiated with Marsh to provide a group rate to AANP  members (actually the insurance is thru Chicago Insurance Company) , with an additional ten percent discount upon meeting qualifications like being certified.
The information is not on the AANP website yet, but should be shortly.
Hope this helps- it is disconcerting to have someone mess with your malpractice insurance.
Deb Kiley
Anchorage


-----Original Message-----
From: npinfo-bounces at nurse.net [mailto:npinfo-bounces at nurse.net] On Behalf Of np at c-zone.net
Sent: Saturday, August 09, 2008 12:27 PM
To: NP Info
Subject: Re: [NPInfo] Malpractice insurance


It sounds pretty weird! Nationwide, according to insurance industry
statistics there has been fewer 'lawsuits' for medical negligence. Sounds
like BS from this carrier-  the BS always seems to run with the onset of
elections/political tides.




----- Original Message -----
From: gdestefano at nyc.rr.com
Sent: Sat, August 9, 2008 16:08
Subject:[NPInfo] Malpractice insurance


Hello All:

In the process of renewing my malpractice insurance in New York.

Received a letter that NSO is moving my insurance to an affiliated surplus
line
carrier, Columbia Casualty Company.   This because there has a been an
increase in
lawsuits.  So the original policy with American casualty has be changed.

Additional information states that NSO was unable to obtain a policy through
authorized New York companies.  As a result an unauthorized policy through
Micheal
Loughran was granted.

The unauthorized policy is not subject to regulations of the
superintendent of
insurance pertaining to policy forms.   Then goes on to say in the event of
insolvency (bankruptcy), losses will not be covered any New York State
Insolvency
fund.

What is this about?  Has anyone experience this?  Any other policy choices
in New York?

Greg
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----- End of original message -----

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