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Consumers: Med-Mal Losses Falsified

The Santa Monica-based Foundation For Taxpayers and Consumer Rights said in a report that the "incurred losses" that medical malpractice insurance companies initially reported for policies in effect i

By Steven Tuckey | Updated on January 04, 2006

A California-based consumer group has called for an investigation of accounting practices that it believes have inflated medical malpractice losses in the interest of charging higher premiums.

The Santa Monica-based Foundation For Taxpayers and Consumer Rights said in a report that the “incurred losses” that medical malpractice insurance companies initially reported for policies in effect in each of the years examined were, on average, 46 percent higher than the amount the insurers actually paid on losses.

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