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Waiting for Tort Reform, U.S. Medical Malpractice Industry Battles Loss Severity Strain Jun 03 Product Image

Waiting for Tort Reform, U.S. Medical Malpractice Industry Battles Loss Severity Strain Jun 03

  • ID: 1831035
  • June 2003
  • Region: United States
  • Standard & Poors

Abstract
(Editor's note: The tables in this article are designed for exporting in certain Standard & Poor's products; therefore, printing quality may vary. Changing your page orientation to landscape mode, reducing your page margins, and/or reducing the text size in your browser may improve the printed output.) The U.S. medical malpractice industry in 2003 is likely to face a continued rise in loss severity, stemming from litigation, as it waits for meaningful tort reform. The credit implications for rated companies have become somewhat less negative because of the companies' ability to raise premium prices, and pricing adequacy alone offers no long-term positive implications, Standard & Poor's Ratings Services said. "There is so much volatility in the industry that the current financial...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Continental Casualty Co.,St. Paul Fire & Marine Insurance Co.,Lexington Insurance Co.,Truck Insurance Exchange,Princeton Insurance Co. (Unsolicited Ratings),Evanston Insurance Co. (Unsolicited Ratings),Reciprocal of America,Medical Protective Co.,Health Care Indemnity Inc.,Medical Liability Mutual Insurance Co.,MAG Mutual Insurance Co. (Unsolicited Ratings),American Physicians Assurance Corp.,Norcal Mutual Insurance Co. (Unsolicited Ratings),PHICO Insurance Co.,PIC Insurance Group Inc.,ProNational Insurance Co.,Physicians Reciprocal Insurers,State Volunteer Mutual Insurance Co. (Unsolicited Ratings),ProAssurance Corp.,MCIC Vermont Inc. RRG,American Physicians Capital Inc.,FPIC Insurance Group Inc.,MIIX Insurance Co.

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