A consumer group which watches the insurance industry has determined that insurance companies pad their losses by 50% or so when reporting them to state regulators - conduct calculated to gain regulatory approval for excessively hiking malpractice premiums. According to the Foundation for Taxpayer and Consumer Rights the claims of the insurance industry that losses from malpractice suits are forcing them to jack up malpractice premiums ignores reality. The losses reported by insurance companies to state regulators to justify rates are actually much larger than the losses paid out. During a 9 year study from 1986 to 1994 the industry reported to regulators losses of $39.6 billion but actually paid only $26.7 billion. The losses were overstated by approximately 50% over the nine year period. (The study examines a period ending 10 years ago because it takes almost a decade to compare losses insurers report to regulators with the amounts actually paid out after malpractice claims have made their way through the court system -- a process that can take nine or 10 years.) About 190 medical malpractice insurance companies sell malpractice insurance and write about $9.4 billion in policies a year. The United States spends about $1.7 trillion on health care annually - so even with the inflated premiums - all malpractice costs are still less than 1% of annual healthcare expenditures. (Dean Starkman, Washington Post, December 29, 2005)
Game Truck Georgia was recently hit with a $4.7 million judgment for injuries arising out of a game of "bubble soccer". But this was after they had pleaded with their insurer to settle those same claims for a pretrial offer of $1 million - which was within their policy limits. Their insurer, Atlantic Specialty Insurance, declined those offers and forced the case to trial. Now the attorneys for Game Truck Georgia are chasing their own insurance company for its bad faith refusal to settle - a refusal which led to the insolvency and desctruction of their business.
Awards and Honors
Martindale Hubbell - AV rated lawyer - Best Rating Possible
Multi-Million Dollar Advocates Forum
AVVO Top Rated Personal Injury Attorney, 10 of 10
ATLA Top 100
Lawyers.com - Rated 5.0 out of 5.0 - Top Rating Possible
National Trial Lawyers - Top 100 Trial Lawyers
Million Dollar Advocates Forum
American Society of Legal Advocates - Top 100 - 2017
Marquis' Who's Who in the World, Who's Who in America and Who's Who in American Law
AVVO Clients' Choice Personal Injury Lawyer
Expertise - Best Car Accident Lawyers in Honolulu 2019
Best Attorneys in America - Life Charter Member
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