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Wednesday, March 1, 2006

...And the Ball Goes Back Over the Net

The Council of Insurance Agents and Brokers has responded to the earlier Americans for Insurance Reform report and declares it "wrong, just wrong."

“This is clearly a case where Americans for Insurance Reform decided they wanted to declare that there were no longer any problems getting medical malpractice insurance, and then they manipulated numbers to support their agenda,” said Ken A. Crerar, president of The Council of Insurance Agents & Brokers.

The press release goes on to say that AIR (nice acronym, by the way) misinterpreted data in the CIAB (less impressive acronym) reports -- for example (as Ted Frank noted in the comments on my earlier post), AIR took 63% of insurers increasing rates as constituting a 63% rate increase.  Oops.

It does not seem quite accurate to state that AIR didn't take into account tort reform at all, since they do include a section going through a handful of states with or without recent caps and argued that the presence or absence of caps didn't affect insurance rates.  That said, it's certainly not an in-depth look.

http://lawprofessors.typepad.com/tortsprof/2006/03/and_the_ball_go.html

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