Fact:
New Mexico’s market is widely recognized as distressed.
- Only a very small number of insurers still write malpractice policies in our state.
- Several carriers have exited in recent years due to unpredictable risk and high verdict severity.
- Fewer insurers mean higher premiums for doctors and hospitals — which directly impacts service availability.
When the insurance market contracts, patients feel the consequences first.
Sources:
- WTW & MPLA. (2025). Loss Ratio and Market Participation Analysis.
- Office of the Superintendent of Insurance (NM). (2023–2024). Medical Professional Liability Market Hearings.
- New Mexico Legislative Finance Committee. (2024). Malpractice Market Stability Brief.