Malpractice Monitor 2010 Rate Survey shows tough times ahead may be to Market for Medical Insurance
Chicago, IL (BUSINESS WIRE) 11 October 2010
At first glance, this year? s Rate Survey provides another year of flat premiumsâ? with 67 percent detention rate stable between 2009 and 2010. But can tune to a closer examination of the responses to the survey that there will be a difficult time for the medical professional liability insurance (mpLI) industry before things start to improve.
â? Despite the decline? or stagnantâ? Tariff increases since 2006, underwriting results mpLI particularly strong in recent years a very strong positive effect on Industrya had? Balance sheet, a? Said Michael Matray, Medical Malpractice Monitor editor. â? Chad Karlsâ? the actuarial / author behind the summary of this year? s rate Surveyor? points out that the sharp drop in claims frequency, between 2002 and 2004, which began largely continued through the present, the source of Industrya been? s Financial currently very strong. It seems to change with some data sets show a rising trend in claims frequency. If the frequency of claims remain stable and prices do not point, it could be a period of difficulties for the> ????
this year? s Rate Survey, the medical liability monitor, the participating company is asked to take her to afford the possible impact of the protection of patients and health care reform for the industry mpLI Act. Surprisingly, the respondents little concern.â? Only 31 percent of respondents believe that this year? s health reforms increased claims frequency or severity, â? Matray said. â? Sixty percent believe that either no effect or just donâ? do not know how this affects the> ????
A new concern highlighted in the replies to this year? s-rate survey was the increased use of self-insurance and / or prisoners as an alternative to traditional mpLI. In addition, it seems to be affected over the trend with hospitals purchasing practices and exposure roll physicians in their self-insurance programs.Malpractice
Monitor is the only independent publication reporting exclusively on medical professional liability insurance. The monthly newsletter, founded in 1975, led the annual rate survey since 1991. To order the survey, rates or to subscribe, please call 312-944-7900 or www.mlmonitor.com.
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