Medical Liability Premiums Declining in Florida
According to the Orlando Business Journal, a 2003 tort reform law in Florida appears to be having an effect, as many of that state’s largest medical liability insurers have filed for rate decreases for 2007. Financial performance of Florida medical insurers has improved, with the 15 largest companies reporting a surplus of $6.07 billion during 2005. The surplus has allowed insurers to offer an average rate reduction of 8 percent, although some specialties may see rates cut by as much as 20 percent. Observers point out that, since many cases currently in trial were filed before the tort reform law, the greatest effects may not be felt until 2007 or 2008. For more information:
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