Insurance regulators in Florida and Oregon have shut down several companies that were allegedly selling bogus malpractice insurance policies.
In Tallahassee, an immediate final order was issued against the following unlicensed entities: Professional Liability Insurance Co. (PLIC), Unimed, Medical Risks Associates, RPG, and Physicians Malpractice Analyst. Unimed is based in Atlanta; the other companies are based in Bermuda.
The Florida Office of Insurance Regulation determined that these companies were not registered to offer insurance in Florida or in any other U.S. state. The department also advised that medical providers seeking liability coverage should check with their office before enacting a policy.
Click 
Meanwhile, the Oregon Department of Consumer and Business Services issued a cease-and-desist order against First Actual American Insurance Co. FAAIC of Canby, OR, has been found by the department to be transacting insurance as an insurer without a certificate of authority.
Click
April 2, 2003
Related Reading
President Bush renews call for malpractice damage caps, March 5, 2003
Legal ground rules guide international teleradiology practice, February 20, 2003
Insurance 101: How to determine if a medical malpractice insurer is right for you, November 26, 2002
Copyright © 2003 AuntMinnie.com
