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The Doctors Company claims to be the largest physician-owned medical malpractice insurer in the U.S., with 80,000 insureds nationwide, $6.2 billion in assets, $2.3 billion in member surplus, and a financial strength rating of A from A. M. Best and Fitch Ratings in fiscal year 2020.
In July 2012, the SEC charged five physicians with insider trading in the securities of an East Lansing, Michigan-based holding company for a medical professional liability insurer. [92] The SEC alleged that Apparao Mukkamala learned confidential information from board meetings and other communications about the anticipated acquisition of ...
MedPro Group, formerly known as The Medical Protective Company, is a Berkshire Hathaway company and the largest provider of healthcare liability (medical malpractice) insurance in the United States. MedPro provides customized malpractice insurance, claims, and risk cover to physicians, surgeons, dentists and other healthcare professionals, as ...
Tyler Mason, a company spokesperson, said that insurance claims submissions have returned to “pre-disruption levels” because health care providers are using “alternative clearing houses ...
Key takeaways. Personal injury protection (PIP) insurance is mandatory in Michigan. PIP can pay for medical bills, lost wages and other costs associated with auto accident injuries for you, your ...
Professional liability insurance (PLI), also called professional indemnity insurance (PII) and commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a negligence ...
Doctors' groups, patients, and insurance companies have criticized medical malpractice litigation as expensive, adversarial, unpredictable, and inefficient. They claim that the cost of medical malpractice litigation in the United States has steadily increased at almost 12 percent annually since 1975. [ 26 ]
Michigan auto insurance policies come with default liability limits of: $250,000 bodily injury liability per person $500,000 bodily injury liability per accident
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