State malpractice safety net nears big rate hike: IRMIA to start double-digit increases July 1
Many health care providers who use Indiana’s safety-net malpractice insurance will find it less comfortable after a 36-percent rate increase kicks in July 1. Poor investment returns and increased enrollment, among other factors, have teamed up to force the Indiana Residual Malpractice Insurance Authority into one of its largest premium rate increases in years, according to Cindy Donovan, deputy commissioner of financial services operations for the Indiana Department of Insurance. Providers and insurers say the rate hike may push some…