Claims Paid Over A Million Dollars Are Skyrocketing?  FALSE.

 The truth is that MAG paid only 8 one million dollar plus claims in 1992.  That number only increased to 12 one million dollar plus claims a decade later in 2001, despite a substantial increase in the number of doctors insured over the past ten years.

Given the fact MAG now insures over seventy percent of doctors in Georgia, million dollar claims paid per doctor and per claim have decreased over the past ten years.

 MAG’s data also reflects the number of million dollar claims actually decreased from 1999 to 2001.

Also important is the fact that from 1987 through the present the total average payout on all one million dollar plus claims has not greatly exceeded one million dollars.

Those cases undoubtedly involved catastrophic outcomes with economic damages in the six to seven figure ranges.  Where are the runaway verdicts?  Where are the high settlements generated by huge non-economic exposure?  They simply do not exist!

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