No mergers with large international agencies, brokerages or risk management consultants at The Doctors’ Insurance Agency. We are still the same familiar faces, with the same length of time and duty in this particular niche of the insurance industry.
Whether you are in Sacramento or Santa Cruz, Santa Monica or San Francisco, our eight TDC trained and licensed insurance agents will continue to bring you low cost direct coverage with the most comprehensive terms.
At this time, with the medical professional liability market on the brink of change, with rate projections and losses projected into the future, you should have the most experienced and direct representation that you can find.
There are many signs that indicate that the health care arena will change significantly resulting in more losses and higher rates.
Universal Health care, Hospital Consolidation and tort reversals are the leading contributors. Reserves for the medical professional liability industry are still very healthy; although with a physician shortage projected and the learning curve associated with medical technology advancement, it’s hard to imagine that the medial professional liability market will not adjust.
National Actuary Firms commissioned to study these trends have studied a rise in the frequency of medical malpractice claims. More patients in the pool brings about an overall great exposure for physicians and their insurers. Tort reform, in this backdrop is just not picking up the same traction that it once did. Some insurance companies have started to slow don their pace of large rate drops, and in fact, beware of the companies that seem to be working had to chase after market share (at the cost of careful underwriting)l; these carriers could find themselves faced with trouble in the future as premiums may not have been adequate to build proper reserves.