Medical malpractice insurance premiums on the rise in Oklahoma, according to Fifth Avenue Healthcare Services


TULSA, Oklahoma., November 16, 2021 / PRNewswire / – Medical malpractice insurance premiums increase by 10-15% on average in Oklahoma. More details below.

Increase in medical malpractice insurance premiums in Oklahoma can be attributed to two factors:

  1. The growing number of jury verdicts and

  2. Increased reinsurance costs.

The jury verdicts are not exclusive to Oklahoma. This is a nationwide trend over the past few years that has finally caught up with carrier results and is resulting in underwriting losses. Reinsurance premiums are also a trend nationwide. Typically, all insurance risks end up “bundling” with other risks such as hurricanes, wildfires and civil unrest.

At Fifth Avenue Healthcare Services, we have extended the use of our accreditation services to include relationships with several medical malpractice insurance companies.

As we have a delegation with payers, we have an agreement with many medical malpractice insurance companies to accept your completed accreditation package for underwriting purposes rather than asking you or your group to do so. complete new, traditionally lengthy medical malpractice insurance claims. This means for us to get you a medical malpractice quote, we can request a quote for you easily and quickly, with very little or maybe no additional paperwork.

Partnership with the Fifth Avenue agency

Our sister company Fifth Avenue Agency is the largest and oldest insurance agency specializing in medical malpractice insurance in Oklahoma. Fifth Avenue Agency represents almost all insurers in the Oklahoma, some of whom do not see these rate increases. The Fifth Avenue Agency team is very experienced with 75% of the team having more than 10 years of experience and will put their talent, technology and expertise to work, quickly and easily developing a medical malpractice quote in depending on your accreditation file. and the relationship with Fifth Avenue Healthcare Services.

For a quote on Fifth Avenue, please contact Jim mays directly to 405-562-2981 or [email protected] and let them know you are a Primoris – Fifth Avenue Healthcare Client. For more information on Fifth Avenue Agency, please visit FifthAvenueAgency.com or contact us.

For more information on Fifth Avenue health services, please visit FifhtAvenueHealthcareServices.com or contact us.

Contact details: Curt Matlach
Society: Fifth Avenue Health Services
Telephone: 918-392-7880
E-mail: [email protected]

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/medical-malpractice-insurance-premiums-are-on-the-rise-in-oklahoma-according-to-fifth-avenue -healthcare -services-301424522.html

SOURCE Fifth Avenue Health Services


Comments are closed.