Texas Medical Malpractice Insurance Rates Declining
Side Note: We just recently wrote about a great article that came out in the New York Post that discussed how New York physicians sick of high med mal insurance rates have been heading to the Lone Star State for a more friendly physician and practice environment, thanks to its recent medical malpractice tort reform efforts. The medical liability reform, passed in 2003 by Governor Rick Perry, has generally shown steady decline in physician liability insurance rates in the years since it was passed.
Well, the articles just keep on coming regarding the appealing benefits that Texas is offering. The article below is in response to a recent report that just came out detailing how medical malpractice rates in the state are continuing to decrease.
Are you a Texas physician and curious about whether or not your Texas physician liability insurance rates could go down? Contact us today for a no-obligation quote request.
Insurer: Texas malpractice rates decreasing since liability reforms
By: Marilyn Tennissen
Posted: 8/24/2011 1:42 PM
Due to medical liability reforms in the state, Texas physicians will pay less for liability coverage next year, according to the state’s largest provider of malpractice insurance.
In a statement released today, the board of governors of the Texas Medical Liability Trust announced policyholders would receive an average rate decrease of almost 7 percent. In addition, renewing policyholders will receive an 18.5 percent dividend.