After years of losses, three medical malpractice insurers are currently operating in a favorable environment–but that will soon change, according to a Standard & Poor's report published yesterday.
The carriers S&P analyzed were Medical Protective Company in Fort Wayne, Ind., ProAssurance Corp. Group of Birmingham Ala., and American Physicians Assurance Corp. in East Lansing, Mich.
“Although these insurers are facing increasing competition and flat-to-declining rates in the near term, as well as the uncertain effects of tort reform across the nation, we expect they will still have an opportunity to remain profitable,” said S&P insurance analyst Jieqiu Fan.
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