Medical malpractice insurance, 1993-2002

Risk & Insurance, April 1, 2004

Medical Malpractice Insurance, 1993-2002

              Net         Annual                  Annual
            Premiums     Percent    Combined      Point
Year       Written (1)   Change     Ratio (2)     Change

1993          $4.52 B     N A         108.0           N A
1994           4.90       8.4          96.4         -11.6 pts
1995           4.81      -1.9          99.8           3.4
1996           4.95       2.9         106.6           6.8
1997           4.89      -1.2         107.9           1.3
1998           5.14       5.2         115.7           7.8
1999           5.10      -0.8         129.7          14.0
2000           5.58       9.4         133.8           4.1
2001           6.07       8.7         154.2          20.4
2002           7.04      16.0         140.8         -13.4

(1) After reinsurance transactions, including state funds.

(2) After dividends to policyholders. A drop in the combined
ratio represents an improvement; an increase represents a
deterioration.

Source: A.M. Best Co. Inc., Insurance Information Institute
Fact Book 2004.
COPYRIGHT 2004 Axon Group
COPYRIGHT 2008 Gale, Cengage Learning

 

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