Word: cricos
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Dates: during 1984-1984
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...Controlled Risk Insurance Company (CRICO), a "captive" insurance firm owned by Harvard and based in the Cayman Islands for tax purposes, will set the new rates effective April 1 at its annual meeting this weekend there...
Hospital spokesmen this week said they were uncertain how the increase will affect patient costs, adding that they want to see what transpires at the CRICO meeting...
...Warren E.C.Wacker, director of University Health Services (UHS) and a non-voting CRICO member, said he attributes the increase in malpractice fees to both the increasing number of suits and larger awards...
...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...
...Malpractice seems to go in waves, and it seems to be on an 'up' wave right now. Harvard Treasurer George Putnam '49, who is the University's representative to CRICO, said recently...