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.
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
Aon Extends Employment Agreement With CEO Case 
Stepbrother Suspect in Cruise Ship Death Says He Doesn’t Remember Anything 
Grand Jury Declines to Indict Man in Fatal Shooting at Kentucky State University From This Issue
