Continental Casualty Company, a subsidiary of CNA Insurance Group, recently filed a request for rate increase in Nevada.
The increase, if granted, would be placed in effect on policies in the Medical Professional Liability program, upon approval. The measure of market impact is 137 physicians and surgeons. The statewide average change proposed is an increase of 104 percent.
The requested effective date for new and renewal policies is Nov. 15, 2002. Continental Casualty was granted a 52 percent increase for new and renewal policies on Sept. 1, 2001.
The above proposed rate change is subject to review by the Insurance Division. It has the status of “filed rate request” until the Division deems it a “complete filing.” The Division will mail a Notice of Hearing to interested persons if and when a Hearing is scheduled.
Was this article valuable?
Here are more articles you may enjoy.
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
California Sees Two More Property Insurers Withdraw From Market 
