Liability rates go up in Maryland
NEWS IN BRIEF — Posted Oct. 4, 2004
Maryland's largest medical liability insurer won't be able to raise rates by the 41% they proposed earlier this year. But the Maryland Insurance Commissioner in September did give Medical Mutual Liability Insurance Society of Maryland and its subsidiary, Professionals Advocate Insurance Co., the go-ahead to raise rates by 33%.
The lower amount was approved after the Maryland State Medical Society requested a hearing on the proposed rate increase. But doctors say it is still a big increase for physicians in a state that the American Medical Association says is showing signs of a medical liability insurance crisis.
"Rate increase proposals filed by medical malpractice insurers have been and will continue to be thoroughly reviewed and analyzed to ensure that both requests for an increase and the amount of the requested increase are supported by actuarial analysis," Maryland Insurance Commissioner Alfred W. Remer Jr. said in a statement.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/10/04/prbf1004.htm.