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  • April 19, 2016

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  • $20.8 Million ISMIE Dividend Distribution Begins July 1

    confettiISMIE Mutual is very pleased to announce that $20.8 million in dividends will be distributed starting in July for the 2016-17 policy year. That brings the total amount of policyholder dividends to $213 million since the program began in 2007.

    "There is special satisfaction in this announcement," said ISMIE Mutual Chairman Harold L. Jensen, M.D. "In July, ISMIE will celebrate our 40th anniversary. Given the volatility of Illinois' legal system, it is rewarding that ISMIE's stability and steady operation have provided dividends every year over the last decade.

    The dividend pool is allocated in two portions. Those eligible for a share of the first dividend portion ($18 million) must have had continuous ISMIE coverage over the 2005-6, 2006-7, 2007-8, 2008-9 and 2009-10 policy years. All renewing policyholders are eligible for the second dividend portion ($2.8 million).

    The best part? You don't have to do anything to receive the dividend. It will automatically be applied as a premium credit at your renewal.



  • Is Your Practice Vulnerable to a Data Breach? Sign up NOW for Friday's ISMIE Risk Management Webinar!

    databreachYou've seen the headlines. Personal health information is reportedly the most lucrative target for hackers and cyber criminals today.

    For an up-to-the-minute look at this growing problem for health care providers large and small, make time at noon on Friday, April 22, for a new 45-minute ISMIE webinar, Data Breaches: Understanding the Risks.

    In this webinar, Alex Ricardo of Beazley Syndicate's Breach Response Services will provide an engaging look at recent trends in data breaches and cyber attacks.

    Eligible policyholders may earn a 1% premium discount and AMA PRA Category 1 Credit™ for attending. For questions, please feel free to contact ISMIE's Risk Management Division at riskmanagement@ismie.com or 800-782-4767 ext. 3300.



  • IL Supreme Court Considering Medical Liability Statute of Limitations

    justiceThe outcome of a medical liability case now before the state's highest court will have an important impact on how the statute of limitations is applied to lawsuits alleging medical negligence and wrongful death. It's an important issue for all Illinois health professionals. 

    The Illinois State Medical Society and American Medical Association recently filed a joint amicus curiae brief arguing that in Moon v. Rhode, M.D.  the statute of limitations for wrongful death had expired by the time the plaintiff filed suit. 

    Here's a summary of the case:

    A deceased patient's estate is suing a physician for medical negligence for failing to report a medical issue in 2009. In February 2013, an expert witness for the plaintiff suggested that the medical issue likely contributed to the patient's death in 2009. A wrongful death action against the doctor was filed the following month in March 2013. 

    In Illinois, the statute of limitations for wrongful death is two years from the date of the death, while the statute of limitations for medical negligence is two years from the date of discovery.

    The trial court and the Illinois Third District Appellate Court found that the filing of the claim was not timely and dismissed the case, since it was filed more than two years after the death of the patient.

    The plaintiff's estate appealed the ruling of the appellate court, asserting that the cause of the patient's death was not discovered until after the statute of limitations had run out for the wrongful death action, but not for medical negligence.

    The Illinois Supreme Court accepted the appeal, and oral arguments in the Moon case are expected to be heard in late spring.



  • They're at it Again...Stairway to Damages?

    Musicians beware - a little friendly tune-sharing with rival bands today might lead to a trustee assault when you're old and gray. That is, if you and your buds turn out to be multimillion-dollar artists with one of the greatest rock anthems ever recorded.

    Yes, we're talking about "Stairway to Heaven" and the kickoff to a federal jury trial next month against Led Zeppelin founders Robert Plant, Jimmy Page and various associates. The heirs of late songwriter Randy Craig Wolfe, a founding member of the band Spirit, filed a 2014 lawsuit against Zeppelin for allegedly stealing elements of "Taurus," a two-minute instrumental, for the memorable "Stairway."

    After some very close listening, a Los Angeles federal judge cleared the case for trial April 8.

    Plant and Page have reportedly claimed they never heard the song before the lawsuit and didn't remember hearing Spirit. The trustee's suit claims Zeppelin toured with Spirit. Perhaps to short-circuit any discussion about forgetfulness, the defendants filed a motion March 25 to exclude "testimony and argument as to drinking or drug use."

    Whatever anyone ends up remembering at trial, the case will be widely watched by copyright and intellectual property experts, particularly after the $7.4 million award in the "Blurred Lines" case against Robin Thicke and Pharrell Williams for copying Marvin Gaye's 1977 hit "Got to Give it Up."

    By the way, did we mention "Stairway" was released 45 years ago and this is just now hitting the courts?

    The trial starts May 10 in downtown Los Angeles. General seating.