Local Law Blogs

The State Department of Insurance had a public hearing to help determine if the medical malpractice insurance environment in the state was competitive.  It seems that a few people agree that it is not.  If the state rules that it is not competitive , then the Department of Insurance will review rates before they are set.

The top four firms share 68 percent of the market, and the top eight share 82 percent...

The hearing could be a preliminary step to Insurance Commissioner Roger Sevigny's determining that the market is uncompetitive, under RSA 412:13, which would allow him to review rates before they are put in place and disapprove rates he finds unreasonable.

The New Hampshire Medical Society Agrees that rates are not competitive.

New Hampshire Medical Society Executive Director Palmer Jones testified that his organization agrees the market in New Hampshire is non-competitive. "There are only a few major companies that are providing insurance at this time," he said. "Options are limited."

Source:  The Union Leader;  The Nashua Telegraph