Dr. Richard Warburton delivered babies for 40 years before deciding to limit his New Bedford practice to gynecology last year. He was tired of late-night work, but in retrospect, he said, the timing couldn't have been better. Liability insurance premiums have soared in the past five years. Specialties like obstetrics are seeing double-digit increases. Even though Dr. Warburton gave up obstetrics, his liability insurance still went up 20 percent, from $45,000 to $54,000. The premiums for other specialties, like neurosurgery, exceed $100,000.
Posted by Editor at October 6, 2003 10:41 AM