In this study, the Foundation for Taxpayer and Consumer Rights (FTCR) reviews the loss projections of medical malpractice insurance companies, beginning with the ‘insurance crisis’ of the mid-1980s. The data show that medical malpractice insurers have historically inflated their loss projections and then revised their reported losses downward in subsequent years. The ‘incurred losses’ that medical malpractice insurance companies initially reported for policies in effect in each of the years examined were, on average, 46% higher than the amount the insurers actually paid out on those policies.
False Accounting: How Medical Malpractice Insurance Companies Inflate Losses to Justify Sudden Surges in Rates and Tort Reform
Consumer Watchdoghttps://consumerwatchdog.org
Providing an effective voice for American consumers in an era when special interests dominate public discourse, government and politics. Non-partisan.
Latest Videos
KGTV-SD (ABC) - San Diego, CA: Who's To Blame For Recent Spikes In Gas Prices?
02:16
FOX 11- Los Angeles, CA: State Farm dropping policies in these California ZIP codes
04:41
KTXL-SAC (FOX) - Sacramento, CA: Addressing CA's Insurance Crisis
03:12
KPIX-SF (CBS) - San Francisco, CA: Homeowner Insurance Crisis
03:56
KTVU-SF (FOX) - San Francisco, CA: Home Insurance in California
05:12
KABC-LA (ABC) - Los Angeles, CA: California's Insurance Crisis
02:13
KTVU-SF (FOX) - San Francisco, CA: State Farm to Non-Renew Thousands of Policies
03:44
Latest Releases
In The News
Latest Report
Support Consumer Watchdog
Subscribe to our newsletter
To be updated with all the latest news, press releases and special reports.