With malpractice insurance becoming increasingly expensive and harder to come by, The Wall Street Journal looks at physician efforts to set up their own insurance companies and purchasing pools. The paper examines risk retention groups, captive insurers and group purchasing strategies, tactics growing increasingly popular among physicians. Conning Research and Consulting, a unit of Swiss Reinsurance, estimates that the market for so-called alternative insurance has grown to $18 billion.
- see this story from The Wall Street Journal (sub. req.)