Our partner, Jeffrey B. Bloom, was recently quoted in New York Newsday about the proposed legislative changes to New York’s Medical Malpractice Insurance laws.
Mr. Bloom said that the administration proposed giving doctors a 6 to 7 percent reduction in premiums, establishing new patient safety provisions, helping the handful of malpractice insurers take excess liability off their books, and re-establishing an assessment so all the state’s property and casualty companies would support the malpractice high-risk pool, not just those few writing malpractice insurance.
However, with the collapse of the financial market and troubles at insurance giant AIG, the program bill was put on hold.