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COPYRIGHT 2003 Thomson Financial Inc.
Increased claims losses have been the biggest long-run factor behind rising malpractice premium rates, according to a General Accounting Office report released July 28 by Rep. John Conyers (D-MI).
"Such losses are by far the biggest component of insurer costs, and in the long run, premium rates are set at a level designed to cover anticipated costs," said GAO. But the congressional watchdog agency said there was not enough information to know whether the bigger claims costs stemmed primarily from damages for economic...
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