Insurance Companies Lower Rates As Information Goes Public on Medical Malpractice
Illinois doctors stand to receive a refund from their insurance companies in the near future. The Chicago Daily Law Bulletin reported that insurance companies have lowered their premiums and are processing refunds to doctors for medical malpractice insurance. According to the Illinois Trial Lawyers Association, companies are lowering their rates because the information is now public and subject to state review. Now that more information is available, there is a greater chance for public oversight of the insurance industry and medical malpractice claims.
See the Chicago Daily Law Bulletin, April 14, 2008 Volume: 154 Issue: 073.
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