In what appears to be a first, a Texas jury awarded Baylor College of Medicine a $48.5 million award for losses incurred during the COVID pandemic that its property insurance should have covered. The verdict comes as all types of…
Cybercriminals turned their sights on healthcare organizations in the second quarter of 2022, with a 90% increase in attacks, according to research from Kroll. The consulting firm believes ransomware groups have ended their “truce” on attacks against healthcare organizations stemming from…
By Lauren Sausser When Jennifer Lucier and her husband found out they were expecting a baby in 2016, they immediately made three phone calls. The first was to her mother. The second was to her husband’s family. And the third…
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,…
