Smoking Guns from Medical Malpractice Insurers

February 14, 2005
Marsh USA Letter: Malpractice Damage Caps Won't Lower Doctors' Premiums
The company running South Carolina's largest medical malpractice insurer stated that "our data is just not adequate" to guarantee that a cap on non-economic damages would lower doctors' malpractice premiums...Download the Marsh letter.

October 25, 2004
Medical Protective Admits Caps Don't Reduce Rates
One of the nation's largest insurers reports that caps do not create savings in a company document released by FTCR. Medical Protective made this filing with the Texas Department of Insurance soon after Texas enacted stringent damage caps limiting the rights of injured patient to collect non-economic damages from negligent medical providers or their insurers. In the document, MedPro explains that it needed to raise rates on physicians despite the caps, because capping damages create virtually no savings. Download the document.

June 10, 2003
Medical Malpractice Executive Testifies That Malpractice Caps Do Not Reduce Risk
Assistant Vice President and Associate Actuary James Robertson, of SCPIE, a major California insurer, claims that California's malpractice caps law, known as MICRA, does not reduce the risk of malpractice insurance in California. * See, in particular, page 4. Download the testimony.