Nevada Rate Increase Sought by Malpractice Insurance Company

March 26, 2004

Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase.

The state Insurance Division says MedPro wants the increase to take effect July 1. It would be atop a 63 percent increase the company got in mid-2002, not long after MedPro started offering policies in the state.

The state agency also received a proposal from State Farm Fire and Casualty Co. for a 4.5 percent decrease in home insurance policies.

State Farm has about 85,000 homes insured in Nevada. The reduction would be accomplished by a change in discounts for auto-home coverage offered by the company.

Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Topics Carriers Trends Pricing Trends Medical Professional Liability Nevada

Was this article valuable?

Here are more articles you may enjoy.