UPI - Oct. 2, 2006
Have insurance companies in Texas suddenly become less greedy? Last week Texas Medical Liability Trust, the state's largest provider of liability insurance to Texas physicians, announced a $48 million liability cost reduction. Coming on top of three earlier cuts, this is believed to be the largest single-year saving ever offered by a U.S. physician carrier. TMLT is not alone. In the last three years every major carrier in Texas has cut its rates, most by double-digits.