Navigation Links
New Med Mal Insurance Company Medicus to Stay in Illinois
Date:11/13/2007

Company remains focused on expanding business

CHICAGO, Nov. 13 /PRNewswire/ -- Medicus Insurance Company today vowed to continue writing medical malpractice insurance in Illinois despite a Cook County Circuit Court ruling overturning the state's two-year-old tort reform law which placed caps on awards for non-economic damages.

"Today's ruling hasn't changed our decision to be a major player in Illinois for years to come," Sheldon Davidow, President of Medicus said. "Although Medicus is a strong supporter of tort reform, we entered the market after a thorough examination of the entire business climate and chose to write policies with or without tort reform. Our decision is irrevocable, and we will continue to work hard in growing our company."

The Illinois tort reform act, signed by Gov. Blagojevich in August 2005, places a cap of $500,000 on non-economic damages in medical malpractice cases among other important reforms. Hospital liability is capped at $1 million. Medicus strongly supports such tort reform, and will continue to honor all quotes, renewals, and entertain new business in Illinois despite today's ruling. Davidow noted that today's decision is only the initial step in the judicial process.

"Medicus is a strong supporter of tort reform and we will do everything in our power to fight for this law," Davidow added. "However, today's ruling is on the lowest rung of the judicial ladder and we are confident that tort reform will ultimately be upheld by the Illinois Supreme Court."

The Texas-based insurance company entered the Illinois med-mal market this past spring writing policies in all specialties throughout the state. As the cost of medical malpractice insurance skyrocketed in Illinois over the past decade, some communities found themselves without specialty physicians or in some cases with no doctors at all. In 2001, there were 17 malpractice insurance providers in Illinois. The crisis drove most major carriers out of the state.

Medicus currently insures doctors in Illinois, Texas, Missouri, and Nevada. The company strives to provide physicians the ability to care for patients without worrying about their professional liability coverage.

Medicus Insurance Company offers malpractice insurance to physicians, surgeons and related medical service providers. The Medicus leadership team is comprised of insurance and medical leaders dedicated to providing lower-priced malpractice coverage that supports and protects medical practitioners in today's complex health care environment.


'/>"/>
SOURCE Medicus Insurance Company
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Patients with Medicaid and those lacking insurance have higher risk of advanced laryngeal cancer
2. Insurance Impacts Laryngeal Cancer Detection
3. Record Number of Americans Lack Health Insurance
4. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
5. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
6. HealthInsuranceFinders.com Launches Video Contest for Young Directors
7. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
8. International Gateway Insurance Brokers Partners With MEDILINQ
9. New AHIP Report Takes a Ten Year Look at the Unintended Consequences of State Efforts to Change the Insurance Market
10. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
11. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... advisory services for healthcare compliance program management, will showcase a range of technology ... Association for Assisted Living (NCAL) Convention and Expo to be held October 14–18, ...
(Date:10/12/2017)... Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... centers in the U.S., announced today its plans to open a flagship location in ... will occupy the former Rooms To Go store next to Office Depot in the ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... IsoComforter, Inc. ... products, announced today the introduction of an innovative new design of the shoulder pad. ... so you get maximum comfort while controlling your pain while using cold therapy. By ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... has recently contributed a medical article to the newly revamped Cosmetic Town ... article spotlights the hair transplant procedure known as Follicular Unit Extraction ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., ... vaccine design, and immune-engineering today announced the launch ... the development of personalized therapeutic cancer vaccines. EpiVax ... provided exclusive access to enabling technologies to the ... MBA will lead EpiVax Oncology as Chief Executive ...
(Date:9/22/2017)... -- As the latest Obamacare repeal effort moves is debated, ... and Lindsey Graham (R-SC) medical device market ... is in an odd place.  The industry wants repeal ... on medical device sales passed along with the Affordable ... visits and hospital customers with the funding to invest ...
(Date:9/19/2017)... HistoSonics, Inc., a venture-backed medical device company developing a non-invasive, robotically assisted, platform ... leadership team developments today:   ... ... Tom Tefft ... Veteran medical device executive Josh Stopek , PhD, who has led ...
Breaking Medicine Technology: