Independent actuaries have taken issue with a recent consumer group report charging that medical malpractice insurers have accumulated unreasonable surpluses over the past few years.
Towers Perrin actuaries James Hurley and Gail Tverberg said a study released by the New York-based Center for Justice and Democracy and five consumer groups in July contained "meaningless and unsound" comparisons of paid loss to written premium. Former Missouri Commissioner Jay Angoff took a lead role in writing that report.
A Towers Perrin spokeswoman said an actuarial study rebutting the CJD study was done at the behest of the Physicians Insurers Association of America, but that no fee was charged.
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