Topic:
INSURANCE (GENERAL); MEDICAL MALPRACTICE INSURANCE; MEDICAL MALPRACTICE;

OLR Research Report


January 12, 2004

 

2004-R-0053

MEDICAL MALPRACTICE INSURANCE COMPANIES

By: Janet Brierton, Associate Legislative Attorney

You asked how many insurance companies in Connecticut write medical malpractice insurance in other states, but not in Connecticut.

According to the Connecticut Insurance Department, there are 64 property and casualty insurance companies and six property and casualty reinsurance companies domiciled (based) in Connecticut. All of these companies, except for two, are authorized to write liability insurance (other than auto). (See Tables 1 and 2 below.) Medical malpractice insurance is one type of coverage under the liability insurance line of business. However, only one Connecticut-domiciled company, Connecticut Medical Insurance Company (CMIC), currently writes medical malpractice insurance. CMIC only writes the coverage in Connecticut.

There are 375 property and casualty insurance and reinsurance foreign companies (i.e., domiciled in a state other than Connecticut) doing business in Connecticut that are authorized to write liability insurance (other than auto). Only three of these foreign companies currently write medical malpractice insurance in Connecticut: Medical Protective, an Indiana-based company, ProSelect, a Massachusetts company, and Preferred Professional Insurance Company, a Nebraska company. However, the department does not know how many foreign companies write medical malpractice insurance in other states.

The department provided us with a list of all licensed insurance companies doing business in Connecticut. The list includes the company name, address, state of domicile, type of company (e.g., property and casualty, life and health), and line of business. We will store this list and make it available to you upon request.

Table 1: Connecticut Property and Casualty Insurance Companies

Property and Casualty Insurance Companies

Domiciled in Connecticut

(as of September 30, 2003)

Authorized to Write Liability Insurance

(other than auto)

Aetna Insurance Company of Connecticut

Yes

Alea Connecticut Insurance Company

Yes

Automobile Insurance Company of Hartford, Connecticut

Yes

AXIS Specialty Insurance Company

Yes

Charter Oak Fire Insurance Company

Yes

ConnectiCare Insurance Company, Inc.

No

Connecticut Indemnity Company

Yes

Connecticut Life and Casualty Insurance Company

Yes

Connecticut Medical Insurance Company

Yes

Covenant Insurance Company

Yes

Executive Risk Specialty Insurance Company

Yes

Fairfield Insurance Company

Yes

Farmington Casualty Company

Yes

Fire and Casualty Insurance Company of Connecticut (The)

Yes

First State Insurance Company

Yes

General Star Indemnity Company

Yes

Genesis Insurance Company

Yes

Guaranty National Insurance Company of Connecticut

Yes

Gulf Insurance Company

Yes

Gulf Underwriters Insurance Company

Yes

Hartford Accident and Indemnity Company

Yes

Hartford Fire Insurance Company

Yes

Hartford Steam Boiler Inspection and Insurance Company

Yes

Hartford Steam Boiler Inspection and Insurance Company of Connecticut

Yes

Hartford Underwriters Insurance Company

Yes

Health Net Insurance of Connecticut, Inc.

Yes

Homesite Insurance Company

Yes

Litchfield Mutual Fire Insurance Company

Yes

Middlesex Mutual Assurance Company

Yes

National Fire Insurance Company of Hartford

Yes

National Liability & Fire Insurance Company

Yes

New England Insurance Company

Yes

New London County Mutual Insurance Company

Yes

Nutmeg Insurance Company

Yes

Orion Insurance Company

Yes

Pacific Insurance Company, Limited

Yes

-Continued-

Property and Casualty Insurance Companies

Domiciled in Connecticut

(as of September 30, 2003)

Authorized to Write Liability Insurance

(other than auto)

Patrons Fire Insurance Company of Rhode Island

Yes

Patrons Mutual Insurance Company of Connecticut

Yes

Phoenix Insurance Company

Yes

Provision State Insurance Company

Yes

Quadrant Indemnity Company

Yes

R.V.I. America Insurance Company

Yes

Royal Surplus Lines Insurance Company

Yes

Safeguard Insurance Company

Yes

Security Insurance Company of Hartford

Yes

Sentinel Insurance Company, Ltd

Yes

Standard Fire Insurance Company

Yes

Thames Insurance Company

Yes

Travco Insurance Company

Yes

Travelers Casualty and Surety Company (The)

Yes

Travelers Casualty and Surety Company of America

Yes

Travelers Casualty Company of Connecticut

Yes

Travelers Commercial Casualty Company

Yes

Travelers Commercial Insurance Company

Yes

Travelers Excess and Surplus Lines Company

Yes

Travelers Home and Marine Insurance Company (The)

Yes

Travelers Indemnity Company (The)

Yes

Travelers Indemnity Company of America

Yes

Travelers Indemnity Company of Connecticut (The)

Yes

Travelers Insurance Company – Accident Department (The)

Yes

Travelers Personal Security Insurance Company

Yes

Travelers Property Casualty Insurance Company

Yes

Trumbull Insurance Company

Yes

Vision Service Plan Insurance Company

No

Table 2: Connecticut Property and Casualty Reinsurance Companies

Property and Casualty Reinsurance Companies

Domiciled in Connecticut

(as of September 30, 2003)

Authorized to Write Liability Insurance

(other than auto)

Cologne Reinsurance Company of America

Yes

Converium Reinsurance (North America) Inc.

Yes

New England Reinsurance Corporation

Yes

Odyssey America Reinsurance Corporation

Yes

PXRE Reinsurance Company

Yes

Trenwick America Reinsurance Corporation

Yes

JB:ts