Max Schloemann, founder of MEDPLI, tells PropertyCasualty360.com: “Many times if the doctor is moving from the Northeast it (insurance costs) is less expensive in Florida, but if they are coming from Texas or California they will likely see an increase in price for coverage.” (Credit: Gorodenkoff/Shutterstock.com)
When doctors move to another state, the accompanying rate change for malpractice insurance, as well as out-of-pocket cost for tail insurance, can catch some doctors off guard. Especially if a previous employer covered premiums, according to Max Schloemann, founder of MEDPLI Insurance Services.
For example, an orthopedic surgeon moving from Dallas to Miami can expect to see a significant rate increase, he tells PropertyCasualty360.com.
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