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

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

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Research Type: Commentary
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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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