The Connecticut medical malpractice insurance market has long been described as being “in crisis-mode”. High premiums and few market options have been the reality for physicians, surgeons, and facility administrators for as long as most can remember. Many small practices or solo practitioners have been forced to close their doors or join larger multi-specialty groups due to instability in the insurance marketplace or unaffordable premiums. While there haven’t been any new entrants into the marketplace there has been some calming with regard to claim frequency over the last ten to fifteen years. The number of indemnity payments paid since the peak of 225 in 2003 has dropped by 41% by the year 2015 for a total of 95 payments via settlement or jury award.
Common Connecticut policy features include:
- Claims-Made or occurrence policy forms
- Full physician consent-to-settle
- AM Best ratings of A- or better
- Defense costs outside the limits
- Free tail upon retirement, death, or disability
- Complementary coverage for regulatory actions including: HIPAA/HITECH Violations, Medical Board license defense, Billing Errors & Omissions, Cyber Liability
Connecticut Tort Reform
Connecticut has not passed any meaningful tort reform in the form of damage caps. However, the Constitution State’s legislature has introduced some protections to aid the reduction of the number of frivolous lawsuits as follows:
- Requiring a Certificate of Good Faith, Reasonable Inquiry & Written Opinion Letter
- Statute of Limitations in which no action can be brought after two years from the date of injury or discovery
- Statute of Repose which bars actions occurring after three years from the date of injury\
These reforms have certainly reduced the number of claims filed from year-to-year since 2003 but the average indemnity payment (across all specialties) has remained on a steady upward trend and currently sits at $602,547 which is 184% higher than the national average. These factors are most certainly the driver behind the limited coverage availability and relatively high premiums experienced by Connecticut physicians and surgeons.
Major Connecticut Malpractice Insurance Companies
- Connecticut Medical Insurance Company
- Medical Protective
- Ironshore Insurance Group
- ProAssurance Indemnity
Connecticut 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
|Internal Medicine No Surgery||$15,536||$11,687||$19,385||2045
|Pediatrics No Surgery||$14,579||$9,773||$19,385||830
|Family Practice No Surgery||$14,579||$9,773||$19,385||661
|Obstetrics and Gynecology Major Surgery||$69,710||$42,493||$96,926||543
|Radiology - Diagnostic||$18,278||$12,324||$24,232||529
|Cardiovascular Disease Minor Surgery||$21,643||$16,147||$27,139||390
|Ophthalmology No Surgery||$10,729||$5,950||$15,508||319
|Orthopedic Surgery No Spine||$36,980||$25,496||$48,463||302
|Gastroenterology No Surgery||$16,917||$14,449||$19,385||299
|Pulmonary Disease No Surgery||$19,341||$14,449||$24,232||234
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 Connecticut.
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 Connecticut compares to other states.