Catastrophic loss: Covering an unethical insured can have disastrous effects

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By Chad C. Karls, Susan J. Forray | 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.