| June 17, 2011 |
Medicus Insurance announces a 9.5-percent rate cut; their second rate reduction since entering the Texas market five years ago.
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| Jan. 1. 2011 |
Texas Medical Liability Trust announces a 1-percent rate cut and 24-percent dividend; their eighth consecutive annual rate reduction and sixth successive dividend since the passage of Prop. 12. Collectively, this represents a $37.5 million savings for their insureds. |
| Jan. 1, 2010 |
Medical Protective announces a 3-percent rate cut, their sixth rate reduction since the passage of Prop. 12. |
| Aug. 25, 2009 |
Texas Medical Liability Trust announces a 1-percent rate cut and 24-percent dividend; their seventh consecutive annual rate reduction and fifth successive dividend since the passage of Prop. 12. Collectively, this represents a $37.5 million savings for their insureds. |
| May 15, 2009 |
Medicus Insurance announces an 11-percent rate cut; their first rate reduction since entering the Texas market three years ago. |
| Jan. 1, 2009 |
American Physicians Insurance announces a 4-percent rate cut, their sixth rate reduction since the passage of Prop. 12. |
| Oct. 14, 2008 |
Medical Protective announces a 6.2-percent rate cut; their sixth rate reduction in the past four years. |
| Sept. 3, 2008 |
Texas Medical Liability Trust announced a 4.7-percent rate reduction and a 22.5-percent dividend for renewing policyholders. This is the fourth consecutive dividend and sixth consecutive rate reduction since the passage of Prop. 12.
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| May 1, 2008 |
The Doctors Company announces 7.2-percent rate cut for new insureds effective May 1 and a 7.2-percent rate cut for renewing policyholders effective August 1. |
| January 2008 |
American Physicians Insurance announces a 7-percent rate cut; their fifth rate reduction since the passage of Prop. 12.
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| Oct. 1, 2007 |
The Joint Underwriting Association (JUA) announces a 2.6-percent rate cut; their third rate cut in three years.
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| Sept. 18, 2007 |
Medical Protective announces a 7.3-percent rate cut representing a $5 million savings for their insureds. This marks the company's fifth rate reduction in Texas in the past three years. |
| Sept. 5, 2007 |
Texas Medical Liability Trust announces a 6.5-percent rate cut and 22-percent dividend; their fifth rate reduction and third dividend since the passage of Prop. 12. Collectively, this represents a $45 million savings for their insureds.
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| March 1, 2007 |
The Doctors Company announces a 7.5-percent renewal dividend effective July 1.
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| January 2007 |
American Physician Insurance announces a 14-percent rate reduction.
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| Oct. 1, 2006 |
The Joint Underwriting Association (JUA) announces a 5-percent rate cut; their second rate cut in 13 months. |
| Sept. 13, 2006 |
Medical Protective announces a 10-percent rate cut, its fourth rate reduction since April 2005. |
| Sept. 12, 2006 |
Texas Medical Liability Trust (TMLT) declares its fourth rate cut and second dividend on the eve of the three-year anniversary of the passage of Proposition 12. The latest is a $48 million reduction; including a $35 million dividend and a 7.5-percent rate cut. |
| May 2, 2006 |
Advocate MD files for a 19.9-percent rate decrease, its second rate cut since beginning operation in June 2004. |
| March 23, 2006 |
The Doctors Company announces an 18-percent rate reduction, its second cut since the passage of Proposition 12. |
| Feb. 17, 2006 |
Medical Protective announces a 13-percent rate cut--its third announced rate cut within the span of 11 months. |
| January 2006 |
American Physicians Insurance announces an 18-percent rate reduction.
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| Sept. 23, 2005 |
Medical Protective announces 5-percent rate cut--its second announced cut within a six-month span. |
| Sept. 17, 2005 |
Texas Medical Liability Trust (TMLT) declares 3rd rate cut since the passage of Proposition 12: this, a $27.9 premium reduction -a combination of rate cuts, dividends and discounts for good claims experience. The $10 million dividend is the equivalent of a 5-percent rate cut. |
| Aug. 16, 2005 |
American Physicians Insurance Exchange (APIE) announces its second rate cut within the span of seven months -this, a 13-percent cut. |
| Aug. 1, 2005 |
Advocate MD implements a 12-percent rate cut. |
| Early May 2005 |
The American Medical Association (AMA) takes Texas off its list of states in crisis. Texas is the only state ever to be removed from this list.
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| April 7, 2005 |
Medical Protective announces a 2-percent rate cut -its first cut since the passage of Proposition 12. |
| March 15, 2005 |
The Joint Underwriting Association (JUA) announces a 10-percent rate cut.
Just 16 months earlier the JUA sought a 36-percent rate hike; a rate increase rejected by then-Insurance Commissioner Jose Montemayor. The JUA subsequently froze its rates until the announced rate cut in March. |
| Feb. 17, 2005 |
American Physicians Insurance Company (APIE) announces 5-percent rate cut for two-thirds of its insured Texas physicians. |
| Feb. 17, 2005 |
The Doctors Company announces rate cuts ranging from 9 to 14 percent. |
| Sept. 20, 2004 |
Texas Medical Liability Trust announces a 5-percent rate cut, its second rate reduction since the passage of Proposition 12. |
| Jan. 1, 2004 |
Texas Medical Liability Trust implements a 12-percent rate cut; the first major carrier to implement a rate cut following the passage of Proposition 12. |