An Analysis of the Conduct, Performance and Financial Condition of NCRIC, Inc., 2000-2004

Jay Angoff
Of Counsel
Roger Brown & Associates

June 1, 2005

This Report analyzes the performance of NCRIC, Inc. (“NCRIC”) based on the Annual Statements and rate filings it has filed with the District of Columbia Department of Insurance, Securities and Banking (“Department”); its filings with the United States Securities and Exchange Commission (“SEC”); and other data NCRIC has made public in its annual reports to policyholders and on its website.

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Total payments for malpractice judgments have fallen 24.5 percent, from $299.6 million in 2000 to $226.2 million in 2004.

The median payment resulting from a judgment appears to have risen, from $230,000 in 2000 to $265,000 in 2004.

The total number of judgments against physicians dropped 31.9 percent between 2000 and 2004, from 670 to 456.

The number of malpractice judgments against physicians, adjusted for population growth, has fallen 34.6 percent since 2000.

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