Another insurer admits that tort reform doesn't lower rates
The good guys at Consumerwatchdog revealed that the largest medical malpractice insurer in the country admits that noneconomic damages are about 1% of their losses:
"According to the Medical Protective filing: "Non-economic damages are a small percentage of total losses paid. Capping non-economic damages will show loss savings of 1.0%."
If the malpractice insurers are telling regulatory agencies that tort reform doesn't work, why should we believe them when they tell the press that it does?