Inside these posts: ISMIE Mutual Insurance Company

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Malpractice insurer to pay $17M in dividends

By Bruce Japsen |
ISMIE Mutual Insurance Company said this afternoon it will distribute
nearly $17 million in new dividends to eligible policyholders in what
it called “continuing improvements” in the state’s medical litigation
climate as well as “positive underwriting results” from 2005 through
2008 policy years.

Just how long such payments will continue, however, is unclear, says the
doctor-owned insurer. The reason: The Illinois Supreme Court’s February
decision to strike down the state’s medical malpractice law, saying
limits on damages awarded to victims of medical negligence are
unconstitutional.

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