New York Malpractice Insurer in Trouble

Physicians’ Reciprocal Insurers, a Long Island medical malpractice insurance carrier than insures nearly 25% of New York state’s physicians, is insolvent. It has a “negative surplus” of more than $43 million.

The problem? New York medical malpractice lawyers and their frivolous medical malpractice lawsuits? Hardly. Eliot Spitzer thought freezing medical malpractice premium hikes was a good idea. Shocker. Has Slate fired him yet?