A Missouri jury has returned a verdict for $3,457,000 to a Maryville MO couple.
Thomas V. DiStefano, MD and SSM Regional Health will pay $1.773M Million. While Steven B. Smith, MD and Northland Bone and Joint were hit with $1.684M million.
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A Michigan Neurologist has been charged with insider trading, it is alleged he was paid to pass information on an Alzheimer’s disease clinical trial to a hedge fund.
This case is a reminder to physician groups that lawsuits come from many sources, contact InsurePhysicians.com to ensure your practice is protected against the rising costs to regulatory inquiries.
A California surgeon who was fired by the state prison system was awarded $3.3M by a jury. The case highlights the need to carefully document and involve legal counsel in any terminations – especially of highly compensated employees.
InsurePhysicians.com works with medical groups to ensure they are protected against the cost of defending employment related lawsuits and allegations.
Illinois Physician Insurer ISMIE has filed suit to deny a malpractice claim they have been defending for five years. The claim involves a physician, Dr Ricardo Arze, who performed sexual acts as a treatment for depression. Arze w as found gulity of criminal sexual assault in May.
Insuring criminal acts is unethical (and illegal) and excluded in all policies. In cases like Dr. Arze insurers will defend a physician of alleged criminal acts until they are found guilty, at that point coverage ceases.
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A Missouri hospital has be hit with a $9.3M fine for providing incentive pay to 70 doctors.
This fine should be seen as a warning to any physician who has a financial interest in a surgery center, imaging lab or other facility. Regulations will continue to increase and enforcement will rise.
Contact InsurePhysicians.com today to discuss protecting your practice.
Surplus lines physician program underwriter Rockbridge has been acquired by RLI. The MGA had previously underwrote for National Indemnity, a division of Berkshire Hathaway.
Contact InsurePhysicians.com today to discuss how this could affect your policy renewals today.