Malpractice insurer holds line on rates again
Side Note: ISMIE is the largest malpractice insurer in Illinois, and the Cunningham Group is pleased to see that its rates have held steady. However, we share Dr. Jensen’s apprehension, considering that the results of the Illinois Supreme Court ruling early this year have yet to be seen. Physicians who want to be sure that malpractice insurance premiums remain steady in the future should support the efforts of Illinois medical professional organizations and politicians to restore tort reform to Illinois.
by Bruce Japsen
Chicago Breaking Business
For the fourth consecutive year, the state’s largest insurer of medical liability for doctors said it will not increase the base premium rates on policies.
ISMIE Mutual Insurance Co. credited its decision to a stable “lawsuit environment nurtured by Illinois’ 2005 medical litigation reform law, but cautioned that resulting market improvements could be at serious future jeopardy.”