Insuring Medical Malpractice [Hardcover]

The cost of malpractice insurance to physicians has been increasing in recent years, as has the threat to physicians of being sued. This book describes and analyzes the workings of the market for physicians' liability insurance. The authors use their own data and other sources to study questions such as: Is the market for medical malpractice insurance competitive? Has the profitability of medical malpractice insurance been excessive? Why do malpractice insurers demand reinsurance? What effect has insurance regulation had on premiums? And it explores what experience rating is and how it is done.

The book should be of interest to anyone seeking to understand the key features of the insurance industry in the United States....It should be useful to those interested in insurance and those concerned with an important aspect of medical economics. --Journal of Economic Literature

Culminates and extends the authors' extensive past published work on malpractice insurance. The book's clear organization allows the reader to easily find the connections between evidence and conclusions. It patiently explains institutional details, as well as the industry's legal and regulatory environment. A strength of the book is its presentation of extensive data developed by the authors and their institutions. --Inquiry