The Doctors Company said it is dropping malpractice insurance rates by an average of 18 percent in Texas beginning April 1 for new policies and July 1 for renewing coverage.

The Napa, Calif.-based physician-owned medical malpractice insurance provider credited the decrease to passage of Proposition 12, which capped pain and suffering awards in medical malpractice cases back in 2003.

The company said policyholders will see premium reductions ranging from 10-to-45.8 percent depending upon location of practice, area of specialty and coverage limits.

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