Cautious optimism greets second year of stable, lower liability premiums
December 10th, 2007 Posted by: Dr. Cox
For the second straight year, medical liability insurance rates are easing nationwide, with nearly 84% of company-reported rates holding steady or dropping in 2007. That’s according to the latest Medical Liability Monitor survey, the largest of its kind to track how much insurance carriers charge physicians.
The report showed that more than half of premiums — 53% — did not change. That’s up from 47% of companies reporting that result in 2006. Another 31% of rates inched downward — 34% more than last year and roughly triple the number of decreases in 2005.