This is the third post about State Volunteer Mutual Insurance Company’s 2008 financial results. Click on the links to see Part 1 and Part 2. New malpractice claims asserted against SVMIC insureds dropped 2.5% in 2008. The company reports that 83% of all cases were resolved in favor of it’s policyholders…
Our last post discussed State Volunteer Mutual Insurance Company’s $251,321,000 policyholder surplus. This post will discuss other aspects of the company’s finances. As of December 31, 2008, SVMIC had total assets of $1,324,500,000 assets. (That’s $1.3 Billion). The vast majority of those assets are in government (federal, state and local) and corporate bonds,…
The Acrobat for Legal Professionals blog has a great post called "Add Dynamic Exhibit Stamps in Acrobat using a free stamp set." The electronic exhibit stamp has both a static graphic element and a changing numeric or alphabetic element and permits you to electronically stamp documents with exhibit numbers or…
SVMIC continues to enjoy wonderful profitability, even as the number of physicians it insures declines. SVMIC – State Volunteer Mutual Insurance Company – is a physician-owned insurance company that was created over 30 years ago. It has grown from a company with paid-in capital of $7,500,000 to a entity with…
David Mills, appellate lawyer and cartoonist from Ohio, supplied the cartoon. A reader supplied the caption. In fact, lots of readers suggested captions, and David choose this one. I must admit that I was a fan of a caption suggested by Kpawss ("Surprisingly, a lineal descendant appeared during probate.") but…
For lawyers, time is money. For lawyers who charge hourly rates, inefficiency may result in more fees on the front end but will result in a clients over time. For contingent fee lawyers, efficient practice increases profitability. This blog post from Litigation Cost Control reminds us of the efficiencies that…
Torts Prof lets us know that the elected representatives in Arizona believe that ER doctors should not be held responsible for their negligence unless the patient can prove his case by clear and convincing evidence.
Or at least move in that direction? Here is a great post from a lawyer who has figured out how to do it. An an excerpt: In the three years that I’ve been practicing as a solo lawyer I have been completely paperless. Before that, when I worked in a…
The current Brooklyn Law Review contains this article by Ken Ross and J. David Prince provides an overview of the post-sale duty sections of the Restatement (Third) of Torts: Products Liability. The article provides an overview of the Restatement (Third)’s post-sale duty sections. In addition, it discusses relevant case law…
You read the title correctly. Apparently Bill Bone in Florida believes that his adversary "wears shoes with holes in the soles when he is in trial." He believed that defense counsel did so "as a ruse to impress the jury and make them believe that [his adversary] is humble and simple…