Missouri Department of Insurance Releases Annual Report on Medical Professional Liability
The
The highlights of this report include:
* In 2017, poor underwriting results in
* In spite of this relatively poor financial showing, the number of malpractice actions dropped to an historic low. In 2017, 734 claims were closed, of which 321 resulted in a payout to an injured party. A total of 658 new claims were opened. This compares with a high of 1,278 claims closed in 2007, and 1,514 claims reported in 2005. (See details in Chapter 1 of the report).
* The average payout declined somewhat in 2017 to
* Since 2005 (the earliest year for which data exists), all payouts exceeding
*
* New to the report is data related to "never events." As defined by the National Quality Forum[1], never events are adverse medical errors that are unambiguous, serious and usually preventable. The DIFP data suggests that never events are more common than their name might imply. The most common, as well as the most costly, never event associated with malpractice actions is serious injuries due to falls, of which there were 597 since 2005, resulting in
The full report contains detailed tables extending back to 1990, including details regarding the nature and scope of injuries, the nature of alleged medical errors, frequency of claims and size of payouts.
[1]
TDCI, NAIC Share Tips on Flood Insurance, What to Do During a Flood
Gov. Scott Issues Executive Order on Hurricane Maria
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News