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According to data from the 2013 Medical Liability Monitor Annual Rate Survey, the medical professional liability insurance industry has experienced yet another year where rates and written premium continue to trend downward, while insurers continue to achieve above-average financial results. This is a familiar scenario, as rates have been declining since 2006, but year after year the industry as a whole continues to post positive financial performances.

“While it’s not surprising that this year’s annual rate survey indicates the continuation of a multi-year downward trend in rates and written-premium, it’s still confounding,” said Michael Matray, editor of the Medical Liability Monitor. “The medical professional liability insurance industry has been slogging through the longest soft market in its history, and there’s no solid indication as to when that’s going to change.”

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