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Minneapolis, Minn. The recent decision by the Wisconsin Supreme Court to strike down the cap on noneconomic damages is unfortunate. It will not change our commitment to our Wisconsin policyholders.
It is not possible to determine the effect of the Court's decision on rates at this time. The primary driver of our rate changes is historical data on loss frequency and severity. As our custom, we will analyze all available data before making any decision about rates. However, if over time loss costs change, our rates will reflect that trend.
MMIC is the largest writer of medical professional insurance business in the Upper Midwest. The company has an A.M. Best rating of "A," which is the highest rating attained by medical specialty insurers.
Contact: Jill Retzer, The MMIC Group
Phone: 800-328-5532
E-mail: Jill.Retzer@mmihc.com
www.mmicgroup.com
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