A Washington, D.C., insurer that provides malpractice coverage to about 270 doctors has reconsidered its decision to pull out of West Virginia, Gov. Bob Wise said today.
NCRIC Inc. will submit a rate filing to the state Insurance Commission, which will review the request "in an expedited manner," Insurance Commissioner Jane Cline said.
NCRIC had announced in January that it was withdrawing from the state and would not renew current policies. Since then, doctors covered by NCRIC have been scrambling for coverage and some who sought policies from the new Physicians' Mutual Insurance Co. were rejected.
Doctor-run Physicians' Mutual, which started business July 1, was created by the Legislature in 2003 after many doctors' policies were canceled by malpractice insurance providers.
"I appreciate NCRIC's willingness to work with us as we address the medical liability insurance market in West Virginia and the faith it has shown in the actions taken by this administration and the Legislature," Wise said.