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Insurance Department Issues Second Annual Ohio Medical Liability Closed Claim Report
COLUMBUS — The Ohio Department of Insurance has issued its second annual Ohio Medical Liability Closed Claim Report, shows a total of 4,004 medical malpractice claims were closed in 2006. The average paid per claim was $288,080.
Some key findings in the report include:
- Total Claims: 4,006 claims reported for 2006 by 93 entities.
- Indemnity Payments: Almost 80 percent of medical malpractice claims resulted in no payment to a claimant. A total of 3,210 claims had no indemnity payments while 794, or 20 percent, closed with an indemnity payment.
- Claim Expenses: While most medical malpractice claims closed with no payments to claimants, almost all claims generated expenses for investigation and defense. These expenses totaled $88,131,139, an average of $25,672 per claim.
From Medical Malpractice Law News posted 2008-01-22.
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