BestWeek: A.M. Best Special Report Finds Medical Malpractice Leads Captives' Premium Decline
OLDWICK, N.J., Jul 25, 2008 (BUSINESS WIRE) — Falling medical malpractice premiums led to a 15% drop in net premiums written between 2006 and 2007 for a composite of captive insurance companies, but captives overall benefited from favorable underwriting trends, according to a new A.M. Best Co.’s special report in BestWeek U.S./Canada.
Also, in BestWeek Europe:
Tax reforms are likely to drive realignment in Germany’s increasingly complex pension sector, according to a new A.M. Best special report.
Also, in BestWeek U.S./Canada:
Despite declines in some key measures, overall results remained favorable for Blue Cross Blue Shield companies in 2007 and are expected to remain that way in 2008, according to a new A.M. Best special report.
And in both editions of BestWeek:
The Best’s Global Insurance Composite Index finished the week of July 24 down 22.96% from a year ago.
BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, please call A.M. Best’s customer service department at (908) 439-2200, ext. 5742, or e-mail your request to firstname.lastname@example.org.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
SOURCE: A.M. Best Company
Copyright Business Wire 2008