A Waterbury, Conn., obstetrician-gynecologist has found allies in his fight against an 89.6% increase in his medical-malpractice insurance premium. The Connecticut Trial Lawyers Association, the Connecticut Patients' Rights Group and the Healthcare for All Coalition have joined the physician, Thomas McNamee Jr., in petitioning the state insurance commissioner to review the increase. In a July 30 letter to Insurance Commissioner Susan Cogswell, the groups included an analysis of a state filing by GE Medical Protective, Fort Wayne, Ind., to justify the increase. Allan Schwartz of AIS Risk Consultants, who was hired by the trial lawyers' association, concluded that of $4.6 million in "losses" GE Medical Protective reported to the state from 2000 to 2003, the company paid out $200,000 in claims, set aside $400,000 in reserves for pending cases and held $4 million in reserves for losses "incurred but not reported" -- that is, actuarial estimates of its total losses for the period. During the same period, the company reported $13.9 million in earned premiums and an operating profit of $6.8 million, Schwartz said. An insurance department spokeswoman said officials have promised a review and have asked GE Medical Protective to respond to Schwartz's analysis. Calls to GE Medical Protective were not returned. -- by Modern Physician/MP Stat
Trial lawyers join doc to battle premium increase
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