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Tort reform: insurance rates fall, recruitment up.

Publication: Mississippi Business Journal
Publication Date: 23-OCT-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Tort reform: insurance rates fall, recruitment up.(Healthcare Mississippi)

Article Excerpt
Although it's only been around two years, tort reform legislation is making a difference in the medical and insurance communities. Medical insurance liability rates are falling and physician recruitment and retention are much easier.

"Before tort reform, we really had no options. It was a sellers' market," said Steve Napier, owner of Southeast Insurance Agency in Hattiesburg. "Our medical clients were at the mercy of whatever we could bring to the table: They had no choice but to take non-standard policies."

He said the price for liability coverage was not affordable and rates were double what they are now. "We've seen considerable decreases over the last two years....

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