CMPA not alone in pursuing huge reserves, CMAJ survey of US firms reveals.
Although Canada and the US are two separate worlds when medical malpractice is considered, actuaries across North America are looking into their crystal balls in an attempt to set reserves for uncertain future claims. Given the relatively low rate of litigation in Canada, some feel the Canadian Medical Protective Association is hoarding cash as it continues to raise premiums even though it has close to $1 billion in reserves. However, some experts suggest that this is just a prudent way to do business in an unpredictable environment. Milan Korcok looks at the situation facing physicians on both sides of the border.
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D002170:Canada; D003675:Defensive Medicine / Q000191:economics*; D005249:Fees and Charges; D006801:Humans; D007351:Insurance, Liability / Q000191:economics*; D008318:Malpractice / Q000191:economics*; D012955:Societies, Medical; D014481:United States