Trial Lawyers Help Doctors Lower Their Premiums
The Connecticut Trial Lawyers Association has asked the state insurance commissioner to examine the premiums charged by the Connecticut Medical Insurance Company. It appears that the insurance firm is charging too much given its profits and reserves. The insurance firm made $12.5 million in profit last year, up from $7.6 million in 2004. Given these profits, and the size of its surplus, the Connecticut Trial Lawyers Association feels that the insurer should reduce premiums as much as 10 percent. The insurance commissioner is considering the request for a review, but no action has been taken yet.
