Stephen I. Lane Appointed Vice-Chair-Elect
Managing Partner, Stephen I. Lane, was recently appointed as the Vice-Chair-elect of the Primerus Plaintiff and Consumer Practice Group, the division of Primerus comprised of all Plaintiff attorney members throughout the United States and Canada.
Lane & Lane, LLC Represents Surviving Children Against Chicago Housing Authority
CHA settles with woman's family for $5.75 mil. Click Here to view article.
Family Hopes CHA Fire Settlement Will Prevent Future Deaths. Click Here to view video.
Industrial Accident Settlement
Lane & Lane, LLC procured a $5.1 million dollar settlement for someone in an industrial accident, and was noted in the Chicago Daily Law Bulletin.
Wrongful Death Settlement
A Cook County probate judge approved a $3 million settlement between a hospital and the estate of a woman who died of a brain bleed after giving birth. Lane & Lane, LLC represented the woman's surviving family. Read article.
Medical Malpractice Recovery
$1.65 million recovered for family who lost an infant due to medical malpractice while being represented by Lane & Lane, LLC. Click here to read article.
Medical Malpractice Jury Award
Cook County jury awarded $1.2 million to a woman's estate after being represented by Lane & Lane, LLC in a medical malpractice case. Click here to view Chicago Daily Law Bulletin article.
Medical Malpractice Insurance Companies Inflated Losses by Billions to Overcharge Doctors, Study Finds; Consumer Advocates Call for Investigation of Insurance Accounting Practices
SANTA MONICA, Calif., Dec. 29 /U.S. Newswire/ -- In official documents filed with state regulators and in statements to public officials, medical malpractice insurance companies consistently inflated the amount they estimated they would pay out in claims, according to a study released today by the nonprofit, nonpartisan Foundation for Taxpayer and Consumer Rights (FTCR). Insurers then used the overstated figures to justify enormous increases in doctors' premiums and pressure legislators to enact lawsuit restrictions, the study concludes. Malpractice insurers inflated their losses by an average 46 percent each year between 1986 and 1994, the study found. During that period, insurers reported $39 billion in losses to regulators, but actually paid out only $27 billion in claims. FTCR called for an investigation of industry accounting practices that it said enable insurance companies to misrepresent their financial condition and charge potentially billions of dollars in excessive premiums.
For more news on the personal injury, medical malpractice, product liability, wrongful death, legal malpractice, auto accident, and truck accident attorneys at Lane & Lane, LLC - located in Chicago, Illinois - please contact us today!
