Why Doomsday hasn’t Arrived for Malpractice Insurer
The state’s largest medical malpractice insurance carrier reportedly reached a record $57 million in profits last year, according to an article in Crain’s Chicago Business written by reporter Andrew L. Wang. This comes after ISMIE Mutual Insurance Company predicted the opposite following the Illinois Supreme Court overturning an unfair $500,000 cap on non-economic damages in med mal cases. ISMIE insures more than half of Illinois’ physicians. The net income it filed with the state is…