Cyber threats are continually evolving, and data extortion is an area of growing concern, according to cyber insurer Beazley. Today’s extortion incidents no longer only involve encrypted files. Instead, according to Beazley’s Cyber Services Snapshot, cybercriminals are threatening to expose that…
From trucking accidents to medical malpractice claims and employment discrimination cases, eye-popping damages are raising alarms for businesses and insurance carriers. These awards are known as “nuclear verdicts,” an exceptionally high monetary award exceeding what most consider reasonable. While some…
The medical professional liability insurance market in the U.S. reversed a four-year trend of weakening in 2021 but still posted a poor combined loss ratio for insurers, according to Fitch Ratings. After seeing combined losses improve, dropping from 113% in 2020…
Ransomware continues to be a popular tool deployed by criminals, as events increased by 13% in 2021, according to Verizon’s 2022 Data Breach Investigations Report. The Verizon report said that the 13% rise in ransomware in 2021 represented “an increase…
By Sarah Kwon | KHN.org In the early weeks of the pandemic, Dr. Lorenzo González, then a second-year resident of family medicine at Harbor-UCLA Medical Center, ran on fumes, working as many as 80 hours a week in the ICU. He…
For the first time in nearly five decades, the amount of money California plaintiffs in medical malpractice cases can receive for pain and suffering will increase. This week, Gov. Gavin Newsom signed Assembly Bill 35 into law overhauling the Medical…
By Hannah Norman Tiffanie Jones was a few tanks of gas into her drive from Tampa, Florida, to Cheyenne, Wyoming, when she found out her travel nurse contract had been canceled. Jones, who has been a nurse for 17 years,…
For 18 consecutive quarters, commercial insurance prices have been rising, but in the first quarter of 2022, the increases moderated, according to the Marsh Global Insurance Market Index. According to Marsh, commercial insurance prices rose 11% globally in Q1, which…
By Brett Kelman More than four years ago, Tennessee nurse RaDonda Vaught typed two letters into a hospital’s computerized medication cabinet, selected the wrong drug from the search results, and gave a patient a fatal dose. Vaught was prosecuted this…
Hospitals across the country are struggling to handle rising costs for staff, drugs, and supplies, the American Hospital Association reports. During the Covid pandemic, labor costs per patient rose 19% from 2019 to 2021. Meanwhile, the prices for supplies jumped…
