A report from Florida's insurance department finds the state's medical malpractice market to be in healthy shape, with claims paid totaling close to $677 million in 2005.
In an annual report from the Florida Office of Insurance Regulation, the department declared that solvency risk does not appear to be an issue among medical malpractice insurers and that adverse reserve trend developments seen in 2001 have reversed, for now.
"The 2003 legislative reforms made some substantial reforms geared toward improving Florida's medical malpractice market," Florida Insurance Commissioner Kevin McCarty said in a statement.
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