Results of Marketing Survey

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Results of Marketing Survey
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Scope

• Three Questions Posed
• Nine Insurance Companies Writing Medical
  Malpractice Insurance in Vermont were Surveyed
• All Nine Companies Responded

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Question 1 What is your companys marketing plan
for medical liability business in Vermont?

• of Responses
• 3 Write more business in all classifications.
• 3 Write more business in selected
  classifications (list which ones).
• 3 Write no new business but maintain current
  book of business.
• 0 Write no new business and re-underwrite
  current book of business.
• 0 Withdraw from the marketplace.
• Results All 9 companies surveyed intend to
  maintain business or expand.
• None of the 9 companies plan to reduce
  writing.

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Question 2 In your opinion, in the current hard
market, give the percentage that each of the
following factors contribute to medical
malpractice costs in Vermont.

• 9 Responses Average Range of Percentages
• Costs of Claims 79 69 to 96
• Reinsurance Costs 4 0 to
  15
• Declining Investment 4 0
  to 15
• Income
• Overhead 12 0 to 31.4
• Other 0 0 to 4

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Question 3 In your opinion, to what extent do
the following factors contribute to the cost of
medical malpractice claims in Vermont? Please
rank the following reasons from 1 to 9 (with 1
being the most important contributor and 9 being
the least).

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