NY state easy on ailing Physicians' Reciprocal Insurers

State insurance regulators have routinely suppressed taxpayer-funded reports on the finances of medical malpractice insurer Physicians' Reciprocal Insurers. PRI's annual reports with the National Association of Insurance Commissioners have consistently indicated financial problems. One person with knowledge of the Department of Financial Services' workings told the Times Union that the release of a negative report on PRI might cause doctors who currently use the insurer to flee to other companies. That scenario — similar to a Depression-era run on a bank — could throw PRI into turmoil.