FTCR: CA Second-Largest Medical Malpractice Insurer Withdraws 15.6 Pct. Rate Hike After Group Challenges Increase

SANTA MONICA, Calif., Dec. 5 /U.S. Newswire/ -- Facing a hearing requested by consumer advocates under Prop. 103, California's second- largest medical malpractice insurer has withdrawn its application to raise its 2003 premiums for doctors by 15.6 percent. The Foundation for Taxpayer and Consumer Rights (FTCR), the citizen group that challenged the SCPIE Holdings rate increase, said its action would save the 9,100 SCPIE-insured doctors in California $2,000 each. The group also noted that medical malpractice hikes have caused controversy around the country.

"Rather than open its books to ...

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