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Physicians React To Market Betrayal

Many of the new physician-owned medical malpractice insurers owe their existence to physicians feeling that the market for this coverage has “betrayed” them in recent years, noted an expert in the field.

“In the 1990s, many malpractice carriers expanded, buying market share in a soft market,” said Grace Vandecruze, managing director of Fox-Pitt, Kelton in New York.

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