Catastrophic loss: Covering an unethical insured can have disastrous effects
By Susan J. Forray and Chad C. Karls
01 April 2009
Settling or defending lawsuits brought against physicians for criminal charges like overprescription is expensive and time-consuming, and a wave of this litigation can cost a medical professional liability insurer millions of dollars. But in addition to traditional underwriting and risk management techniques, there are several ways insurers can minimize their exposure to these potential losses.
About the Author(s)
Susan J. Forray
Catastrophic loss: Covering an unethical insured can have disastrous effects
Settling or defending lawsuits brought against physicians for criminal charges like overprescription is expensive and time-consuming, and a wave of this litigation can cost a medical professional liability insurer millions of dollars. But in addition to traditional underwriting and risk management techniques, there are several ways insurers can minimize their exposure to these potential losses.
Susan Forray, Chad Karls