Texas Liability Rates Dropping After Prop 12

Since the enactment of House Bill 4 in the 2003 Texas Legislature and the voters' approval of Proposition 12, every professional liability insurance underwriter in Texas has reduced its premiums for physicians. 

 The chart below compares the average premiums for physicians in various specialties and various parts of the state as charged by  Texas Medical Liability Trust (TMLT) the largest carrier in Texas, for three years: 1999, at the start of the health care liability crisis; 2003, at the height of the crisis; and 2008, in the first full year post-reform. TMLT declares its fifth rate cut and third dividends on the eve of the five-year anniversary of the passage of Prop. 12. The latest is a $35 million dividend and a 6.5-percent rate cut. TMLT policies are available only to TMA members.

TMLT Professional Liability Premium Chart 2003-10


Source: Texas Medical Liability Trust

Last Updated On

June 22, 2016

Originally Published On

March 23, 2010

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