Medical Liability Insurance Premia 1990-2015: Dataset, Literature Review, and Summary Information

Journal of Empirical Legal Studies, forthcoming 2016

Northwestern Law & Econ Research Paper 16-04

21 Pages Posted: 30 Mar 2016 Last revised: 2 Feb 2017

Bernard S. Black

Northwestern University - Pritzker School of Law; Northwestern University - Kellogg School of Management; European Corporate Governance Institute (ECGI)

Jeanette W. Chung

Northwestern University, Feinberg School of Medicine

Jeffrey Traczynski

University of Hawaii - Department of Economics; FDIC, Division of Insurance and Research

Victoria Udalova

Government of the United States of America - Bureau of the Census; University of Wisconsin - Madison - Department of Economics

Sonal Vats

Northwestern University - Kellogg School of Management; George Washington University, School of Medicine and Health Sciences

Date Written: March 29, 2016

Abstract

This document and the accompanying datasets provide six things: (i) a dataset covering 26 years (1990-2015) of medical malpractice (“med mal”) insurance premia, compiled with extensive data cleaning from the only available source for these rates, annual surveys conducted by Medical Liability Monitor (MLM); (ii) an accompanying codebook; (iii) the Stata code we use to clean the raw data; (iv) merger of the MLM data with related datasets from the National Association of Insurance Commissioners and the American Medical Association; (v) a survey of prior uses of the MLM data; and (vi) a summary analysis of the data. We hope that the availability of this cleaned dataset will prompt further research on the effects of med mal premiums on provider behavior. We provide separate raw and cleaned datasets. We plan, but do not promise, to update the dataset as additional annual releases become available.

The dataset, codebook, and code are available on SSRN at http://ssrn.com/abstract=2716911.

Keywords: medical malpractice, medical malpractice insurance, Medical Liability Monitor

JEL Classification: I11, I18, K23, K32

Suggested Citation

Black, Bernard S. and Chung, Jeanette W. and Traczynski, Jeffrey and Udalova, Victoria and Vats, Sonal, Medical Liability Insurance Premia 1990-2015: Dataset, Literature Review, and Summary Information (March 29, 2016). Journal of Empirical Legal Studies, forthcoming 2016; Northwestern Law & Econ Research Paper 16-04. Available at SSRN: https://ssrn.com/abstract=2477120

Bernard S. Black (Contact Author)

Northwestern University - Pritzker School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)

Northwestern University - Kellogg School of Management

2001 Sheridan Road
Evanston, IL 60208
United States
847-491-5049 (Phone)

European Corporate Governance Institute (ECGI)

Brussels
Belgium

Jeanette W. Chung

Northwestern University, Feinberg School of Medicine ( email )

Chicago, IL 60611
United States

Jeffrey Traczynski

University of Hawaii - Department of Economics ( email )

Honolulu, HI 96822
United States

FDIC, Division of Insurance and Research ( email )

550 17th Street NW
Washington, DC 20429
United States

Victoria Udalova

Government of the United States of America - Bureau of the Census ( email )

4600 Silver Hill Road
Washington, DC 20233-9100
United States

University of Wisconsin - Madison - Department of Economics ( email )

1180 Observatory Drive
Madison, WI 53706
United States

Sonal Vats

Northwestern University - Kellogg School of Management ( email )

2001 Sheridan Road
Evanston, IL 60208
United States

George Washington University, School of Medicine and Health Sciences ( email )

805 21st St NW
Washington, DC 20052
United States

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