A reinsurance brokerage said that after re-examining data in a report by an attorneys association that medical malpractice rates were artificially inflated, it is disputing those findings.
BMS Group, a reinsurance broker with its headquarters in London, said its actuarial and medical malpractice team reviewed the same figures used in an earlier report and concluded that medical malpractice liability insurance companies "responded appropriately" to the medical malpractice crisis in early 2000.
The report the brokerage is challenging, "No Basis for High Insurance Rates," was written by former Missouri Insurance Commissioner Jay Angoff, reviewing the top 15 medical malpractice insurers. Released by the American Association for Justice in May, the report concluded that insurers artificially raised doctor's rates and misled the public in believing that a crisis existed.
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