TDC Specialty (TDCSU)’s Post

From changing tactics to increasing plaintiff litigation funding and rising claims costs, the product liability landscape for life sciences companies is rapidly evolving. Russell Chibe, Claims Manager and Matthew Zagwoski, Global Life Sciences Product Leader, examine why it's more important than ever for life sciences organizations to stay informed about these shifting trends - and some ways they can respond. #Beazley #Healthcareinsurance Beazley

Please check out the post below highlighting some recent wins on the Professional Team. Curious about what else we are writing? Follow us or reach out to learn more!

Fort Lauderdale West Partners Peter Weinstein and Greg Willis recently achieved a defense verdict in an automobile liability lawsuit. The four-day trial occurred in Fort Pierce, Florida. The defendant failed to yield the right of way at a stop sign when the Plaintiff had no stop sign when entering the intersection. There was no evidence of either vehicle speeding but the defense argued the Plaintiff had the last clear chance to avoid the accident as the defendant had entered the intersection first and had almost cleared the intersection when the impact occurred. After conservative care, the plaintiff underwent medical treatment for which he was billed over $200,000, before incurring an additional $115,000 in medical bills. Dr. Zeide estimated that reasonable charges would be $28,900.  After almost two hours of deliberation the jury found the plaintiff 56% at fault and the defendant 44% at fault and awarded about $65,000 in past medical bills for a net verdict of $28,600. Plaintiff refused to accept less than the policy limits of $300,000 and the verdict was slightly less than the defendant offered to settle the case.   Special thanks to Susette Gruebele, Leo Farias, Jennifer Smith, and Karen Henely for their research and support work on this matter. Peiter Weinstein https://lnkd.in/eeWfPzr2 Greg Willis https://lnkd.in/e8qX8W8Q #CSKSuccessStories #CSKVictory #FloridaLargestDefenseFirm #FloridaTrialAttorneys #FloridaInsuranceAttorneys #StLucieCounty

Well worth your time if any of these hashtags resonate! #ClaimsManagement #LegalInsurance #RiskManagement #LitigationSupport #InsuranceProfessionals #ClaimsAdjusters #LegalClaims #InsuranceIndustry #InsuranceLaw #ClaimsResolution #InsuranceEducation #insurancedefense #eDiscovery #LegalTechnology

It’s a bird…it’s a plane…it’s the 2024 the medical professional liability industry that is flying high due to better rate adequacy, the diminishing impact of pandemic-related exposures, higher reinvestment rates, and improved overall returns. But how long will it experience clear skies? Jiffy Thomas discusses today’s MPL industry and how it can sustain its positive trajectory in this week’s blog. Read here: https://ow.ly/rPIr50RLJVM #MPL

Join us for the Crittenden Medical Liability Conference, where we'll be diving into the most critical topics facing the industry today. 🤝 • Settlement negotiations • Selecting cases to take to trial • Claims and litigation management strategies Register here!: https://zurl.co/sVzr #MedicalLiabilityInsurance #HealthcareLaw #RiskManagement #PatientSafety #MedicalMalpractice

Candello draws from a national database of medical professional liability (MPL) cases to extract meaningful data and identify trends in MPL cases. Come visit our booth at the MPLA conference to learn more and demo our dynamic taxonomy and tools. View the full agenda here, https://hubs.li/Q02wqPzB0

🎉 Join us in celebrating a milestone moment! On May 13, 2024, The Ferraro Law Firm proudly marks 39 years of serving our community with dedication, integrity, and compassion. Over the past four decades, we've had the privilege to stand alongside individuals and families, fighting for justice and holding accountable those responsible for catastrophic personal injuries, defective drugs, mesothelioma & asbestos exposure, product liability issues, and talcum powder injuries. From securing settlements for victims of medical malpractice to fighting against corporate giants in product liability cases, every victory represents justice served and lives impacted for the better. It's not just about the numbers; it's about the lives we've touched, the communities we've supported, and the hope we've restored. Here's how we've made a difference: ✅ Catastrophic Personal Injury: From obtaining compensation for victims of sexual assault to securing settlements for families devastated by medical malpractice, we've been a beacon of hope for those facing life-altering injuries. ✅ Defective Drugs: Our relentless pursuit of justice has held major drug manufacturers accountable for the harm caused by their products, ensuring that victims receive the compensation they deserve. ✅ Mesothelioma & Asbestos Exposure: With landmark verdicts and settlements, we've fought tirelessly to provide closure and financial security for individuals and families affected by asbestos-related diseases. ✅ Product Liability: Whether it's tobacco companies or manufacturers of defective products, we've stood up to corporate negligence, advocating for safer products and fair compensation for those harmed. ✅ Talcum Powder Injuries: By securing verdicts against companies like Johnson & Johnson, we've brought attention to the dangers of talcum powder and provided a voice for those suffering from its harmful effects. As we reflect on our journey, we extend our heartfelt gratitude to our clients, colleagues, and partners for entrusting us with their most challenging legal matters. Your trust and support have fueled our commitment to making a difference, one case at a time. Here's to 39 years of advocating for those who need it most, and to many more years of fighting the good fight together. Thank you for being part of our story. #FerraroLawFirm #39YearsOfJustice #CommunityImpact

It's not the best time to be an attorney in Ohio representing folks bringing medical malpractice claims. Regardless of time and place, the deck is always stacked against the plaintiff in a med mal case. They're one person represented by one law firm. While the other side almost always involves a massive insurance company representing a large corporation (or a huge hospital system that is self-insured). On top of that, the cases are expensive, and litigation goes on for years before trial would even begin. So even in the best-case scenario, a plaintiff is facing a David vs Goliath situation from the start. But in Ohio, where the legislature has enacted draconian tort reform measures years ago, the environment is even more difficult. The conditions are bad enough that a lot of firms avoid pursuing med mal cases entirely. That's understandable. Because now, even if we do get to trial and successfully persuade the jury to return a verdict in our client's favor, there are damages caps on many claims that severely hinder our ability to get fair and full compensation for a seriously injured client. All that said, I don't mind that every med mal case feels like an uphill battle from the start. I think my mentality is partly due to my upbringing, partly due to how I'm wired. I had a tough childhood that helped mold me who I am today. I learned to be independent and not to expect things to go my way. I also like the battle and don't mind having a lot of obstacles to fight through. Because the longer the odds and the stronger the resistance, the sweeter victory will be on the other side.  

The medical professional liability industry is undergoing a period of transformation that includes both technological and business evolution. Read more about this growth, including challenges and solutions in a new article by Jiffy Thomas at Sapiens: bit.ly/3S9g03w