MedPro cuts medical malpractice rates in Texas

San Antonio Business Journal – by Tamarind Phinisee
http://www.bizjournals.com

Medical Protective (MedPro) has lowered its medical insurance rates by an average of 6.2 percent for physicians throughout the Texas.

This is the sixth time in the last four years that the Dallas-based primary medical-liability insurer has made a rate reduction. In all, the company has reduced malpractice premiums for Texas physicians by an average of over 37 percent during this period.

MedPro’s Vice president of southwest sales, Steve Simmons, attributed the rate decrease to reduced malpractice losses as a result of tort reform in Texas enacted five years ago.

“We are pleased to confirm that emerging data continues to suggest moderating trends in loss costs and that we are, therefore, in a position to reduce our Texas rates yet again,� Simmons says. “We pledged to monitor the impact of tort reform legislation enacted in 2003, and the data continues to suggest moderating severity and frequency of claims.

“We can’t take Texas tort reform for granted … .â€?

MedPro provides medical professional liability insurance. The company’s offerings include risk-management consulting and education, premium finance solutions and — through affiliates — additional financial products and services for health care providers.

The company’s products are underwritten by The Medical Protective Co., which is rated AAA (extremely strong) by Standard & Poor’s and A++ (superior) by A.M. Best.

see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

The difference between claims made and occurrence coverage for doctors.

What is a physician’s loss history, and how does it affect malpractice insurance prices?

What is Malpractice Tail Coverage? What options are available?

Popular Posts

PIAA 2017: Current Trends & Future Concerns

Oregon Supreme Court Strikes Down Noneconomic Damage Cap

New Report: Best and Worst States for Doctors

Start Your Custom Quote Process™

Request a free quote