Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:
Medical
Malpractice News
New Company Moves Toward Offering Malpractice Insurance In Wyoming
CHEYENNE, Wyo. - A third insurance company may soon begin offering medical malpractice liability coverage to doctors in Wyoming.
The Medical Protective Company, which offers medical malpractice insurance to physicians in several other states, has satisfied a preliminary requirement for marketing policies to Wyoming physicians by getting its rates approved by the state Department of Insurance.
Other insurers currently active in the Wyoming market include The Doctors Company and Utah Medical Insurance Association. The participation of The Medical Protective Company in the market will give doctors another alternative for medical malpractice insurance.
“Good news and bad news comes with this announcement,” Gov. Dave Freudenthal said. “The good news is that another company will begin offering coverage in the state, but the bad news is that the coverage comes with a significant price tag.”
Although The Medical Protective Company has filed rates with the Insurance Department in the past, those rates were not reflective of the Wyoming market. They were filed so that the company could continue to provide coverage to doctors who were already covered by the company in other states and who had moved into Wyoming from those states. Currently, The Medical Protective Company has very few medical malpractice policies in force in Wyoming.
The company’s present rate filing requested an overall rate increase of 45.1 percent from its prior filing. After review by the Insurance Department actuary, Wyoming Insurance Commissioner Ken Vines asked the company to reduce its request to an overall rate increase of 41.2 percent. The new filing will bring The Medical Protective Company’s rates more into line with other malpractice insurers already operating in the state.
According to Vines, The Medical Protective Company has been licensed to sell insurance in Wyoming since 1995, but has not actively marketed its products to the state’s doctors.
“With the approval of these new rates, it is my understanding that The Medical Protective Company intends to become more active in the Wyoming market,” Vines said.
You still have rights even if you signed a consent form
A consent form does not give the health care provider a license to commit malpractice. While the execution of a typical consent form indicates acknowledgement of stated risks and complications associated with a given treatment or procedure, it does not relieve the health care provider from his or her duty of meeting the standard of care associated with such treatment or procedure.
Newsroom
News about Medical Malpractice cases in Indiana and nationwide:
Definition:
A form of discovery in which one party submits a series of written questions to the other party, and to which the latter is bound to answer under oath.
Tort Liability
Definition:
The defendant must owe a legal duty to the victim, the defendant breached that duty, the breach was the cause of an injury to the victim, there must be an injury. In most cases, there must be a physical or financial injury to the victim, but sometimes emotional distress, embarrassment, or dignitary harms are adequate for recovery.
Noneconomic damages
Definition:
Damages payable for items other than monetary losses, such as pain and suffering. The term technically includes punitive damages, but those are typically discussed separately.
Legal Disclaimers All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Indiana Medical Malpractice Lawyers.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?