N.Y. Regulator Limits Med Mal Rate Hike To 7%
NU Online News Service, July 2, 12:32 p.m. EDT?Rejecting an insurers recommended 25.7 percent rate hike, New York's insurance regulator said yesterday he is establishing a 7 percent premium-rate hike for all medical malpractice insurers in the state. [@@]
Insurance Superintendent Gregory Serio said the 7 percent hike, effective for the policy year that began yesterday, will be applicable to all insurers offering medical malpractice coverage in the state.
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