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5 search results for: non economic damage caps

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LRANY Video Series: Non-economic Damage Caps

This week, to continue LRANY’s video series, we bring you a video on non-economic damage caps in New York State.  Unknown to many is the difference between economic and non-economic damages.  Economic damages include all medical expenses, lost wages, future earnings and punitive damages. While damages for non-economic losses include pain and suffering, emotional distress, […]

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New York Hospitals Go “Naked”; Cannot Bear the Cost of Malpractice Insurance

The New York Times recently reported a growing trend among New York Hospitals going “naked” or “bare,” which is the industry term for operating without malpractice insurance.  Many hospitals in our state, particularly downstate, have followed this trend due to the soaring cost of the insurance, or – in the worst cases – a complete absence of […]

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Statement from LRANY Executive Director, Tom Stebbins, on Governor Cuomo’s Budget Proposal

“The budget released today by Governor Cuomo omits critical legal reforms that would both reduce state Medicaid spending and provide meaningful mandate relief.  These reforms would help generate millions in revenue, save our state and municipalities crucial tax dollars, and generate jobs and economic growth. We applaud the Governor’s creation of a Medicaid Redesign Team […]

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New York’s Insurance Rates Among the Highest in the Nation

By Scott Hobson – Lawsuit Reform Alliance of New York A recent report by the Florida Office of Insurance Regulation (FLOIR) revealed that New York ranks worst in the nation for medical liability costs.  This troubling, but hardly surprising finding can now be added to New York’s list of dubious distinctions that include second highest […]