California IN BRIEF : SACRAMENTO : Doctors’ Insurer to Rebate $18.5 Million
State Insurance Commissioner John Garamendi announced Tuesday that a third medical malpractice insurer, The Doctors Co., has agreed to rebate $18.5 million under the terms of Proposition 103 to 9,500 doctors who are its policyholders. Two other malpractice companies, Norcal Mutual and the Southern California Physicians Insurance Exchange, had earlier agreed to give back a total of $50.6 million. Only one major automobile insurer, the Automobile Club of Southern California, has thus far agreed to rebate $104 million.
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