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Alabama Med Mal Insurer In Great Financial Health

Posted by Andrew J. Barovick | Feb 25, 2009 | 0 Comments

As I discussed in my Feburary 21st posting on the financial well being of North Carolina's largest medical malpractice insurerer, there are states in which the med mal insurerers are not teetering on the brinks of financial disaster.  Today, you can add Alabama to that list.  According to The Birmingham News , that state's largest insurer, ProAssurance Corp., is surpassing Wall Street's estimates of its earnings, and was able to make a “favorable $104 million adjustment to its reserve fund.”

About the Author

Andrew J. Barovick

Mr. Barovick is a graduate of Columbia College and Cardozo School of Law. He began his legal career at the Queens District Attorney’s Office, where he tried over 20 felonies to verdict, and argued an equal number of appeals before the Appellate Division, Second Department, the New York Court of Appeals and the United States Court of Appeals for the Second Circuit.

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REPRESENTATIVE VERDICTS & SETTLEMENTS:

$7.9 million dollars for infant client who suffered severe brain injuries due to post- delivery medical malpractice.

$500,000 wrongful death/medical malpractice settlement on behalf of patient brought to hospital emergency room with serious injuries who suffered complications while unmonitored and died.

$425,000 wrongful death/medical malpractice settlement during trial on behalf of senior hospital patient whose surgeon failed to timely address her worsening symptoms, resulting in her death.

$250,000 to young man whose physician failed to diagnose an impending torsion testicle, causing the loss of the affected testicle.

$200,000 to young mother whose OB/GYN failed to timely diagnose and treat her ectopic pregnancy, resulting in excruciating, long-term pain and the need for surgery to address the ectopic pregnancy once it was diagnosed.

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