Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Actuary Counters Hunter On Med Mal Insurance Crisis

In an article published on this page in the Oct. 7 edition of National Underwriter, J. Robert Hunter, director of insurance for the Consumer Federation of America, concluded that the cause of the current medical malpractice crisis was not an explosion of costs but rather the downturn in the economic business cycle and alleged mismanagement of insurance companies.

I am a principal and consulting actuary with a large consulting firm, a Fellow of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries. My clients include both commercial insurance buyers (namely large hospitals) and Fortune 500 companies as well as insurance companies. My intent here is to provide an unbiased critique and opinion of Mr. Hunters conclusions.

In his article, Mr. Hunter provided an exhibit (Chart 2 in his article) to prove his main point–that “premiums rise and fall with the economic cycle, but paid losses do not.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.