Managed Care Weekly Digest
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Business & Finance
Medical liability insurer TMLT reduces rates 7.5%, declares 20% dividend effective 2007
October 9th, 2006
The Board of Governors of Texas Medical Liability Trust (TMLT) has declared a 20% dividend amounting to approximately $35 million for 2006 effective January 1, 2007 for renewing TMLT policyholders. Dividends will be credited to each policyholder's premium as a lump sum when his or her policy renews in 2007. In addition, the trust will be reducing rates 7.5% for all specialties across the state beginning January 1, 2007. Current TMLT policyholders will receive this rate decrease when their policy renews. TMLT has now reduced annual rates four times since the passage of House Bill 4 and Proposition 12-12% in 2004; 5% in 2005; 5% in 2006; and now 7.5%...
Source: Managed Care Weekly Digest (2006-10-09)
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