Monday, July 25, 2005

   This article makes no mention of the multitude of other factors that influence premium rates. The "loss ratios" is the proportion between projected earnings from premiums and the amount it receives, in actuality. The fact that insurance company profits are rising is no indicator that the med mal crisis has abated. The fact that, as the loss ratios were rising, premiums were being hiked, is no indictment on the insurance industry. A multitude of other factors influence premium rates.
   Hat tip: The Rag

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