Word: creasey
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Dates: during 1980-1989
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...upcoming increase is not out of proportion with recent CRICO premiums. In each of the last two years, the company has raised its rates by 40 percent, reflecting the increase in claims, according to Daniel F. Creasey, a CRICO board member and the president of its operating company, the Risk Management Foundation of the Harvard Medical Institutions...
...Creasey said the increase does not reflect a high rate of malpractice among Harvard doctors, who he said, have a very good record compared to the rest of the state, He added. "It's a myth to say that Massachusetts is an atypically had malpractice state. It's got the third lowest rate in the country...
Malpractice is probably the most difficult area of insurance for which to set rates, Creasey said, because of the "long tail" of claims, which are paid out an average of three years after they are made...