SCPIE INDEMNITY COMPANY withdraws an +8.9% rate increase request
for medical malpractice insurance in California after an
AIS RISK CONSULTANTS
report showed that the rate increase was not supported.
The NEW
JERSEY DEPARTMENT OF BANKING & INSURANCE, based upon an
AIS RISK CONSULTANT'S study that
concluded no rate increase is warranted, calls for further analysis of MEDICAL
PROTECTIVE INSURANCE COMPANY'S proposed 49.5% medical
malpractice insurance rate increase.
NORCAL MUTUAL INSURANCE COMPANY
agrees to reduce its rate increase request for medical malpractice insurance in
California from +9.9% down to +2.9% after an
AIS RISK CONSULTANTS report showed that the
rate increase requested was excessive.
The MEDICAL PROTECTIVE COMPANY
admits that caps on non-economic damages have only minimal impact on losses.