Florida Medical Malpractice Insurers Make Big Profits
Florida Medical malpractice lawyers seek to protect the rights of victims of medical malpractice to hold careless doctors and hospitals accountable for devastating injuries. Unfortunately, over the past years victims’ rights have been sacrificed. While it was not the intention of voters or perhaps well-meaning legislators, the outcome has been simply more profits for the insurance industry. Liability insurers continue to get richer at the expense of innocent medical malpractice and personal injury victims.
Now, FPIC Insurance Group, Inc. has improved its earnings in 2006 by 47 percent compared to a year earlier. Indeed, both insurance company profit and medical malpractice rises while fewer and fewer victims can successfully hold reckless health care providers accountable. In every way FPIC has benefited from the legal and economic climate. The company earned $51.2 million, or $5.02 per share, compared to $35 million in 2005, or $3.43 per share.
FPIC Insurance Group Inc. (NASDAQ: FPIC), based in Jacksonville, provides medical professional liability insurance for doctors, dentists and other health care providers. Over the years, along with other medical malpractice insurers, they have lobbied our state legislators to institute unfair tort reform. Obviously it is difficult for most busy people to understand that insurers already have an advantage in medical malpractice cases. Future victims of medical malpractice do not know who they will be and therefore may not consider the important rights that these insurers have been attempting to strip away. Yet, we are seeing more and more people begin to understand that our civil justice system is tilted in favor of insurers and those who they defend.
Despite increasing difficulties we will continue to proudly represent innocent injury victims and their families. There has never been a more important time for fellow colleagues to join together to fight back against attempts to deprive our citizens of protection from careless doctors and hospitals.
