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California-based physicians and medical facilities writer NORCAL plans to combine with Texas-based Medicus, a writer of physicians’ liability coverage across 31 states, forming the 10th largest med-mal insurer.

While property and casualty insurers have benefitted from favorable loss-reserve development in recent years, a Keefe, Bruyette & Woods (KBW) analysis contends that accident-years 2008 to 2010 are underreserved and that adverse development will result in the future.

While property and casualty insurers have benefitted from favorable loss-reserve development in recent years, a Keefe, Bruyette & Woods analysis contends that accident years 2008 to 2010 are underreserved and that adverse development will result in the future.

A medical-liability insurance trade group is praising the decision of the “gang of six” deficit-reduction panel to include a mandate in its plan for Congress to enact medical-malpractice reform.

One aspect of healthcare reform promotes the formation of provider organizations aimed at improving the quality of care and cost, but medical-malpractice insurers worry it could have a negative impact on their business, a recent broker’s report suggests.

The house of representatives is likely to take up legislation that would reauthorize the National Flood Insurance Program for five years before Memorial Day, hopefully providing certainty for a program that has lived on the edge since 2008.

The House Energy and Commerce Committee has reported to the full House legislation that would cap non-economic damages in malpractice cases at $250,000 and set other restrictions on lawsuits against doctors.

Financial impairments at 11 property and casualty insurance companies were severe enough to trigger regulatory action last year, but none of the problems were the direct result of catastrophe losses, A.M. Best reports.