Not what the doctor ordered
Article Abstract:
The medical malpractice sector of the property/casualty insurance market saw a decline in underwriting in 1996, according to A.M. Best Co.'s annual study of the industry. Too much competition has restrained premium increases. Malpractice specialty companies held on to the market leadership despite the entry of multiline insurance companies in the market. The market's top 20 underwriters caused most of the market's depression. Saint Paul Cos., CNA Insurance Group, Medical Liability Mutual Insurance Co., Medical Protective Co. and Health Care Indemnity Inc. are the year's top five companies.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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A general malaise in general liability
Article Abstract:
The general liability sector of the property/casualty insurance market achieved a net profit for the first time in 1996, according to A.M. Best's annual analysis of the industry. The improvement in the market sector's finances is caused by the reduction in pure losses and expenses from loss adjustment efforts. Based on the company's analysis, premium's true value has declined for the past three years until 1996 in almost all casualty insurance lines. Due to growth of direct premiums, the top 20 companies' share of the market share expanded.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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