Dynamics of the Market for Medical Malpractice Insurance

27 Pages Posted: 27 Apr 2009

See all articles by Faith R. Neale

Faith R. Neale

affiliation not provided to SSRN

Kevin Eastman

Independent

Pamela Peterson-Drake

Florida Atlantic University

Abstract

Public attention has been directed recently at the market for medical malpractice insurance, yet disagreement persists over whether this market has changed and, if so, what has caused this change. In this study, we examine factors that affect the market for this insurance, including the growth in premiums, losses, and investment earnings, and loss variability. Our analysis suggests that there was significant deterioration in the market for medical malpractice insurance beginning in 1998 and culminating in 2001. We conclude that insurers' losses are the primary driver of the market deterioration during the period 1998 through 2003.

Suggested Citation

Neale, Faith R. and Eastman, Kevin and Peterson-Drake, Pamela, Dynamics of the Market for Medical Malpractice Insurance. Journal of Risk and Insurance, Vol. 76, Issue 1, pp. 221-247, March 2009, Available at SSRN: https://ssrn.com/abstract=1378367 or http://dx.doi.org/10.1111/j.1539-6975.2009.01295.x

Faith R. Neale (Contact Author)

affiliation not provided to SSRN

Kevin Eastman

Independent ( email )

Pamela Peterson-Drake

Florida Atlantic University ( email )

Boca Raton, FL 33431
United States

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