Social Inflation/Nuclear Verdicts
Show:
Dec 01, 2024
The Rising Threat of Nuclear Verdicts in Medical Malpractice: A Call for Tort Reform
Dr. Patricia Ares-Romero discusses the increasing trend of "nuclear verdicts"—jury awards exceeding $10 million—in medical malpractice cases. She highlights insights from Bob White, President of The Doctors Company and TDC Group, noting that from 2013 to 2023, these verdicts surged by 67%, with the average award among the top 50 malpractice verdicts rising from $32 million in 2022 to $48 million in 2023.
Nov 18, 2024
Nuclear Verdicts in Healthcare: How Social Inflation Impacts Physicians, Patients, and the Future of Medicine
Social inflation increases the price of healthcare. It ratchets up the costs of doing business for healthcare professionals and facilities, and fear of litigation inspires defensive medicine. Fortunately, through tort reform, states may be able to contain social inflation’s effects on healthcare costs.
Sep 20, 2024
Malpractice Caps and Nuclear Verdicts
Medical Economics Editorial Director Chris Mazzolini sits down with Bob White, President of The Doctors Company and TDC Group, to discuss trends in malpractice litigation and what recent verdicts mean for the industry at large.
Sep 10, 2024
The BI Interview with Bob White
Robert White, President of The Doctors Company and TDC Group, discusses the company's recent study on rising court awards and their effect on the medical malpractice insurance sector.
Sep 05, 2024
5 Notes on the Rise of Malpractice Verdicts
Robert White, President of The Doctors Company and TDC Group, discusses how a rollback of tort reforms across the country is one contributor of the rise of malpractice verdicts.
Video Jul 29, 2024
How Could Social Inflation and Nuclear Verdicts Cause Healthcare to Evolve Over the Next Decade?
Skyrocketing malpractice verdicts, if left unchecked, will lead to healthcare becoming unaffordable and inaccessible. In this video, Robert White, President of The Doctors Company and TDC Group, explains how social inflation and nuclear verdicts are forcing insurers to evolve to combat plaintiff attorney tactics, and how we’re fighting nationwide to protect doctors and patients.
Video Jul 29, 2024
What Is the Reptile Theory and How Does It Impact Medical Malpractice Verdicts?
Plaintiff’s lawyers are using “Reptile Theory”—leveraging the “fight or flight” instinct in jurors—to maximize malpractice verdicts higher than ever seen before. Learn how this dangerous trend of overcoming logic and reason in the courtroom is leading to social inflation and increased healthcare costs in this video featuring Robert White, President of The Doctors Company and TDC Group.
Video Jul 29, 2024
Why Do Large Verdicts Influence the 1% of Cases We Lose and How Does This Effect MPL Rates?
In 2010, there were 18 nuclear verdicts totaling $10 million or more in the United States. By the end of 2023, there were 58 of these large verdicts, meaning there was at least one nuclear verdict occurring every week across the U.S. The bad news? 2024 is on pace to equal or surpass what transpired in 2023. Robert White, President of The Doctors Company and TDC Group, discusses how large verdicts are creating a domino effect on medical professional liability rates.
Jul 23, 2024
Contributing Factors to Medical Malpractice Claims: Study Examines Difference Between No-Payment and Indemnity Claims
In November 2023, The Doctors Company released a study on diagnosis-related medical malpractice claims with an indemnity over $1 million. Now, to expand our understanding, we have conducted a new analysis: Do contributing factors differ between malpractice claims with no payment and claims with indemnity payments?
Jul 23, 2024
Social Inflation and Health Care Risk Management
This paper examines the concept of social inflation as it affects medical malpractice insurance claims, a phenomenon that warrants monitoring by risk managers.
Jul 02, 2024
Medical Malpractice Payouts Are Ballooning—and Insurers Are Warning It Will Cost Patients
Robert White, President of The Doctors Company and TDC Group, discusses how social inflation increases the price of healthcare. This article, originally appearing on Fortune.com, suggests that through tort reform, states may be able to contain social inflation’s effects on healthcare costs.
Video Jun 17, 2024
What Are the Factors That Cause Social Inflation?
Healthcare practices and institutions are affected by the same economic forces that impact the communities and business climates in which they operate. Social inflation has reshaped numerous markets, but its effect on healthcare has been monumental. But what are the leading causes of social inflation? Robert White, President of The Doctors Company and TDC Group and industry-leading expert on the impact of social inflation on medical professional liability, explains in this short clip.
Video May 22, 2024
What Is Social Inflation?
Healthcare practices and institutions are affected by the same economic forces that impact the communities and business climates in which they operate. Social inflation has reshaped numerous markets, but its effect on healthcare has been monumental. But what exactly is social inflation? Robert White, President of The Doctors Company and TDC Group and industry-leading expert on the impact of social inflation on medical professional liability, explains in this short clip.
May 16, 2024
Illinois Jury Awards $41 Million to Stroke Victim
Robert White, President of The Doctors Company and TDC Group, discusses how each nuclear verdict increases the chances for additional large awards.
Apr 04, 2024
Rise of Mega Payouts: Physicians Are Now the White Whales
Robert White, President of The Doctors Company and TDC Group, discusses the unexpected emergence of nuclear verdicts in states where they were once considered rare.
Feb 21, 2024
Professional Liability: The Problem That Will Not Go Away
The frequency of malpractice claims in the United States has trended downward in the last 10 to 15 years, however, there is an upward trend in the “severity” of claims, driven in large part by “nuclear” jury verdicts. Cardiologists and other clinicians should always be aware that a lack of communication is a common causal factor in malpractice suits. Richard E. Anderson, MD, FACP, Chairman and CEO, The Doctors Company and TDC Group, investigates claim amounts and severity alongside three prominent physicians.
Feb 08, 2024
Malpractice Mega-Verdicts Hit Record High
Robert White, President of The Doctors Company and TDC Group, discusses how a rollback of tort reform could be a factor in the rise of nuclear malpractice verdicts.
Feb 02, 2024
Mega Malpractice Verdicts Against Physicians on the Rise
Robert White, President of The Doctors Company and TDC Group, discusses the impact nuclear verdicts have on costs for medical professionals.
Jan 16, 2024
What U.S. Healthcare Will Look Like in 2033
American healthcare faces persistent issues with consolidation, workforce shortages, integration of new technologies, and unrelenting economic pressure. Technologies such as clinical decision support (CDS) and other artificial intelligence (AI) tools have continued to emerge, offering both promise and risk. Meanwhile, even as long-standing care and business models are upended, the ripple effects of COVID-19 continue.
Dec 27, 2023
2024 Prediction from Robert E. White Jr.
Robert E. White Jr., President, The Doctors Company, part of TDC Group, offers his prediction for how social inflation will impact practices’ medical malpractice premiums in 2024.
Dec 19, 2023
Patient Safety Predictions for 2024
Robert E. White Jr., President, and Laura Kline, MBA, CPCU, Senior Vice President of Business Development, The Doctors Company, part of TDC Group, offer their predictions for what will happen in patient safety and healthcare quality in 2024.
Nov 27, 2023
Diagnosis-Related Medical Malpractice Claims With Indemnities Over $1 Million: Understanding the Primary Drivers
Identifying and concentrating on factors related to high-indemnity medical malpractice claims can help to both improve patient outcomes and reduce financial losses. One common thread in high-indemnity claims is diagnostic errors. Therefore, understanding more about how to protect against and prevent diagnostic errors is paramount to patient safety and to mitigating loss costs.
Oct 01, 2023
Can Damage Caps Contain Social Inflation, Even as Medical Malpractice Verdicts Keep Increasing?
Elizabeth Healy, Vice President of Government and Community Relations, The Doctors Company, part of TDC Group, discusses the wide-ranging ripple effects of social inflation on the medical malpractice industry.
Sep 01, 2023
Inflationary Pressure on Medical Liability Reforms Increasing
Across the nation, inflation is affecting medical liability reforms and making it difficult to defend hard-won protections.
From
The Doctor’s Advocate
Jun 16, 2023
Unveiling the Hidden Impact of Social Inflation: Soaring Costs for Medical Professionals Revealed
Robert White, President of The Doctors Company and TDC Group, discusses the hidden impact of social inflation on costs for medical professionals.
May 18, 2023
Social Inflation Drives Up Malpractice Payouts—and Insurance Rates
Robert White, President of The Doctors Company and TDC Group, discusses the impact of social inflation on the medical malpractice industry.
Jan 23, 2023
Medical Malpractice Claims-Made Social Inflation and Loss Development Report
Using insurance company annual statement data, the “Medical Malpractice Claims-Made Social Inflation and Loss Development Report” estimates that in the decade ending in 2021, between $2.4 and $3.5 billion, or 8 to 11 percent, of all medical malpractice losses incurred by physician-focused insurers stemmed from social inflation.
Jan 23, 2023
Social Inflation Increases Med Mal Losses: Study
This article features data from The Doctors Company's study “Medical Malpractice Claims-Made Social Inflation and Loss Development Report.”
Dec 11, 2020
How the Medical Malpractice System Influences Care
Richard E. Anderson, MD, FACP, The Doctors Company Chairman and CEO, discusses how the medical malpractice system often burdens good physicians with years-long lawsuits—and shows how the cost of defensive medicine affects us all.