Connecticut Medical Insurance Co., one of the state’s largest writers of medical malpractice insurance, has decided to hold its rates steady for 2006 after raising them each of the last five years.
The doctor-owned insurer said its premiums are adequate to cover projected claims, which it estimates will average more than $21,600 each next year. That’s about double what the average was 10 years ago. Some long term, claims-free insureds may even see their bills go down next year. Loss experience credits will range from 7.5 percent to 25 percent.
Was this article valuable?
Here are more articles you may enjoy.
State Farm to Increase Claims Workforce by 3,000 
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
Luxury Car Rental Company Owner Staged Crash for Insurance From This Issue
