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Awards for Future Medical under the ACA
Tim Mosler August 09, 2016 Posted in: Blog Posts, Health Care / MPL

Earlier this month, the Ohio Court of Appeals ruled on the medical liability case Jones vs. MetroHealth Medical Center. A key portion of this ruling pertains to the determination of economic damages related to future medical costs. Specifically, the court ruled to award the plaintiff an amount sufficient to cover the premium on future health insurance policies that the plaintiff would purchase. This is a radical shift from past practice.  

Medical Professional Liability Insurance Consolidation Continues as Buffett Acquires MLMIC
Rob Walling August 03, 2016 Posted in: Blog Posts, Health Care / MPL, News
Berkshire Hathaway subsidiary National Indemnity Company has announced that it has agreed to buy Medical Liability Mutual Insurance Company (MLMIC). Terms of the deal were not made public. Warren Buffett’s admiration of MLMIC was clear as he called it, “a gem of a company that has protected New York’s physicians, mid-level providers, hospitals and dentists like no other for over 40 years.”
Laura Maxwell

Workers Compensation Ancillary Agreements

California Assembly Bill No. 1922

Workers Compensation Ancillary Agreements
Laura Maxwell July 14, 2016 Posted in: Blog Posts, Workers’ Compensation
California Assembly Member Tom Daly introduced Assembly Bill No. 1922 in February 2016. This bill revises Section 11658 of the Insurance Code regarding workers compensation ancillary agreements. The latest action on this bill was June 22, 2016, when it was amended and re-referred to the Committee on Insurance.  
Applied Underwriters’ EquityComp Program under Fire in California
Jing Liu July 12, 2016 Posted in: Blog Posts, Workers’ Compensation
On June 20, 2016, California Insurance Commissioner Dave Jones announced what he called a “precedential decision” in a major workers compensation insurance case between a small employer, Shasta Linen Supplier, and a Berkshire Hathaway company, California Insurance Company (CIC). With this decision, he condemns the way CIC has been doing business with its EquityComp program along with another Berkshire Hathaway company, Applied Underwriters (AU), in California, and effectively declares the EquityComp program void and unenforceable. 
Captive Law Variability Across the Fruited Plain
Erich Brandt June 30, 2016 Posted in: Blog Posts, Captives
More than 30 states, the District of Columbia and Puerto Rico have enacted captive laws, and others are exploring the idea. As the list of captive domiciles expands, so does the variability in the captive regulatory environment. Understanding the key regulatory differences is an important consideration in choosing (or changing) a captive domicile.
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