Mississippi medical malpractice insurance is moderately priced in comparison to the majority of the rest of the states, although it hasn’t always been so affordable. Leading up to 2003, Mississippi had been experiencing rapidly rising malpractice premium rates and a corresponding litigious legal atmosphere. As a result, many high-risk medicinal specialties (OBYGYN, Neurosurgery, Bariatrics, etc.) saw rapid decline, with doctors electing to relocate and practice in states with lower claim volume. In an effort to curb this trend, Mississippi passed impactful tort reform in 2002 (although it essentially took effect in 2003).
Mississippi Tort Reform
Tort reform, effective January 1, 2003, addressed the following:
- Non-economic damages were capped at $500,000
- Statute of limitations for events relating to nursing homes became two years
- Statute of limitations for other medical events became seven years
Thus far the tort reform has succeeded in accomplishing what it was set out to – decreasing claim suits, litigation, medical malpractice premium rates, and increasing physician retention. Since the passing of tort reform, the number of malpractice suits has plummeted by over 95% a year when compared to years prior to 2003. Decreased litigation has resulted in more insurance companies moving to the state, which has further driven down insurance premium rates. In fact, rates have continued to fall by at least 5% a year since tort reform took effect.
Major Medical Malpractice Insurance Companies
- Medical Assurance Company of Mississippi
- Medicus Insurance Company
- Medical Protective Company
- The Doctors Company
Mississippi Medical Malpractice Insurance Rates - Top 15 Specialties
Undiscounted State Filed Rate Data averages across all territories for $1m / $3m limits
* Please note that the above rates are state filed rates. It is not
uncommon for Gallagher Healthcare clients to receive up to 50% or more in discounts
from state filed rates. Please Request a Quote to receive a custom premium indication.
|Specialty||Average Rate||Min Rate||Max Rate||Count
|Family Practice No Surgery||$12,262||$5,149||$23,715||965
|Internal Medicine No Surgery||$13,248||$5,149||$24,695||732
|Pediatrics No Surgery||$12,757||$5,046||$23,715||378
|Obstetrics and Gynecology Major Surgery||$77,762||$38,043||$153,717||299
|Radiology - Diagnostic||$16,673||$8,238||$34,827||253
|Orthopedic Surgery No Spine||$44,901||$17,140||$114,614||173
|Ophthalmology No Surgery||$9,358||$4,000||$23,715||169
|Cardiovascular Disease Minor Surgery||$18,112||$10,855||$35,572||157
|Gastroenterology No Surgery||$15,523||$5,149||$29,838||106
|Urology Minor Surgery||$12,247||$8,238||$21,178||99
Rate Range by Specialty
This chart compares the range of possible state filed medical malpractice premium rates by admitted markets and a few Gallagher Select markets broken out by the top 15 specialties in Mississippi.
USA Ranking Map
The map below provides a visual display of the nation and compares what a typical primary care physician might pay compared to each individual state and county. This research is based on the average rate for a single specialty, the most common limits in that state, and the mature claims made premium. The darker the blue, the higher the average premium, see how Mississippi compares to other states.