English, Article edition: Dynamics of the Market for Medical Malpractice Insurance Faith R. Neale; Kevin L. Eastman; Pamela Peterson Drake

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Dynamics of the Market for Medical Malpractice Insurance
Author
  • Faith R. Neale
  • Kevin L. Eastman
  • Pamela Peterson Drake
Physical Description
  • article
Notes
  • Public attention has been directed recently at the market for medical malpractice insurance, yet disagreement persists over whether this market has changed and, if so, what has caused this change. In this study, we examine factors that affect the market for this insurance, including the growth in premiums, losses, and investment earnings, and loss variability. Our analysis suggests that there was significant deterioration in the market for medical malpractice insurance beginning in 1998 and culminating in 2001. We conclude that insurers' losses are the primary driver of the market deterioration during the period 1998 through 2003. Copyright (c) The Journal of Risk and Insurance, 2009.
  • RePEc:bla:jrinsu:v:76:y:2009:i:1:p:221-247
Language
  • English
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