Connecticut-based medical professional liability insurer CMIC said it will raise premiums by an average 5.3 percent for Massachusetts health care professionals.
The rate change goes into effect October 1.
The increase follows an analysis for the firm by Towers Watson, which found that a rise in loss costs in the Bay State.
In conjunction with the increase, CMIC will expand credits to eligible claims-made policyholders who have been insured with CMIC for three consecutive years.
“A shift in the Massachusetts medical professional liability insurance environment requires we make appropriate rate revisions to ensure our policyholders are adequately protected,” said Denise Funk, CEO of CMIC. “That being said, we will continue to financially reward policyholders providing exceptional patient care, and increase those rewards as appropriate.”
_
Source: CMIC
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
Woman Takes Honda to Small-Claims, Wins Big
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
Judge Allows South Carolina Company’s Twitter Lawsuit Against Employee
Super (Insurance) Coverage for the Super Bowl
Study: California Workplace Safety Program Only Superficially Enforced
Court Delays Ruling On Honda Hybrid Suit
