Iowa is considered a physician friendly venue from a medical malpractice insurance premium point of view. Medical malpractice insurance premiums are generally more affordable in Iowa when compared to neighboring states. Iowa has experienced a steady decline in the number of paid claims since the 1990s and has historically paid on average less than the national average per closed claim. The total number of filed claims has dropped from 335 in 2002 to 159 in 2012. These trends have led to decreases in Iowa's average medical malpractice insurance premiums and some of the most competitive rates in the nation.
The carrier marketplace for medical malpractice insurance has been dominated by three carriers. Since 2006, roughly half of the total premium in Iowa has been written by MMIC Insurance, Inc, ProAssurance Wisconsin Insurance Company and NCMIC Insurance Company.
House Study Bill 36
Iowa Governor Terry Branstad has advocated for, and the Iowa state House recently advanced, House Study Bill 36 which would create a physician review panel for the purpose of screening potential medical malpractice liability suits for merit before going before a court. Bill 36 allows for a claim found baseless by the panel to proceed to court, but would require that the plaintiff bear the defendant's defense costs and caps non-economic damages as $250,000 in the event of a ruling in favor of the plaintiff. This contested bill will continue to be the subject of debate through 2013 and its fate is currently uncertain.
- Average total incurred amount is $100,000 per closed claim
- Average indemnity payment is $23,000 per closed claim
Statute of Limitations
2 years from date of injury (unless foreign object or minors before 10th birthday)
Major Medical Malpractice Insurance Carriers:
- MMIC Insurance, Inc.
- ProAssurance Wisconsin Insurance Company
- NCMIC Insurance Company
- Medical Protective Company
- CNA Insurance Company
Punitive Damages Reform: SB 2265 (1986):
Iowa Code Ann. § 668A.1.
Requires a plaintiff to show that a defendant acted with "willful and wanton disregard for the rights and safety of another." (In 1987 the evidence standard was elevated to "clear, convincing, and satisfactory" evidence.) Requires 75% or more of all punitive damages awards to be paid to the State Civil Reparations Trust Fund. The statute directing 75% of punitive damages awards to a civil reparation trust fund did not violate the equal protection or due process clauses of the State or Federal Constitutions. Shepherd Components, Inc. v. Brice Petrides-Donohue & Associates, Inc., 473 N.W.2d 612 (Iowa 1991).
SF 482 (1987)
Requires a plaintiff to show by a "preponderance of clear, convincing, and satisfactory evidence that the conduct of the defendant from which the claim constituted willful and wanton disregard for the rights or safety of another."
Medical Malpractice Insurance Rates By Specialty (Top 15)
Rates depend greatly on specialty. Physicians offering high-risk care, such as surgeons, have higher rates than doctors in lower-risk areas. Prices will vary, though, based on your claim history and location in addition to your specialty. Always talk to an insurance expert to get a more specific quote for your malpractice insurance.
Below are 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||$6,672||$4,429||$9,694||2114
|Internal Medicine No Surgery||$6,995||$5,212||$10,921||907
|Pediatrics No Surgery||$6,118||$4,429||$7,657||465
|Radiology - Diagnostic||$8,188||$6,151||$11,734||370
|Obstetrics and Gynecology Major Surgery||$31,222||$21,623||$46,103||298
|Orthopedic Surgery No Spine||$19,491||$13,926||$26,930||227
|Ophthalmology No Surgery||$5,187||$3,250||$7,247||225
|Cardiovascular Disease Minor Surgery||$10,141||$7,035||$14,999||174
|Pathology No Surgery||$5,647||$4,429||$7,247||162
|Neurology No Surgery||$8,287||$6,151||$10,573||156
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 Iowa.
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 Iowa compares to other states.