Tuesday, September 6, 2011
TMLT RATE CUT, DIVIDEND BRING TOTAL POST-REFORM SAVINGS TO $745 MILLION
The Board of Governors of Texas Medical Liability Trust (TMLT) approved an average 6.9-percent rate reduction for TMLT policyholders and an 18.5-percent dividend for renewing policyholders, effective Jan. 1. Actual rate cuts will vary by physician specialty and practice location. The combined rate reduction and dividend will save TMLT policyholders nearly $35.8 million in 2012 premiums. TMLT has reduced rates for Texas physicians for nine consecutive years since the passage of medical liability reform in 2003. TMLT-insured physicians will have saved $745.5 million in decreased premiums once this latest round of rate cuts and dividends is implemented.
Posted by Steve Levine at 11:23 AM