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Arkansas Mutual Cuts Rates by 12.5 Percent – Because of Its Selection of Doctors Not Tort Reform

Published on Dec 21, 2011 at 2:59 pm in Consumer Awareness.

In an interesting read by Mark Friedman in Arkansas Business, Arkansas Mutual Insurance Company of Little Rock announced it was cutting medical liability insurance premiums by 12.5%. According to Arkansas Mutual CEO Corey Little, the premium savings are attributable to the fact that Arkansas Mutual has been “very selective” in which doctors it chooses to insure and has controlled its loses. Little said the insurance carrier rejected about 150 doctors who wanted into the plan. It currently writes insurance for about 300 doctors. Little made no statement that premiums were going down due to the 2003 tort reform measures. Those in favor of tort reform have long lobbied that passing tort reform measures would lead to premium savings for doctors. Little’s comments seem to say the opposite. Here is the link to Mark Friedman’s article: https://www.arkansasbusiness.com/article.aspx?aID=129585.54928.141723&cID=9

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