Posted On: November 27, 2006
Medical malpractice insurance premiums will fall with new competition
Crains Chicago Business reporter Mike Colias reports that medical malpractice premiums will soon be falling for Illinois doctors as result of competition being made possible by new legislation.
The Aurora attorney has formed the state's first new malpractice insurer since market leader ISMIE Mutual Insurance Co. came together in the 1970s. Targeting a sliver of ISMIE's 66% market share, Mr. Presbrey's startup shows state reforms are stoking competition for Illinois' dominant carrier that could lower doctors' rates.
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