The largest Texas medical liability insurer said civil litigation reform measures enacted since 2003 will allow the company to put through a fifth-successive rate cut.

Physicians' carrier Texas Medical Liability Trust (TMLT) said effective tort reform has reduced claims intake and associated legal expenses, allowing its board to approve a 6.5 percent rate reduction for all medical specialties and classes, effective Jan. 1, 2008.

Policyholders will also see an “unprecedented” third-straight dividend, which the board has approved, the company said.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.