Texas Liability Insurance Closed Claim Data 2008

The Texas Department of Insurance (TDI) requires all malpractice carriers to submit reports of commercial liability closed claims involving bodily injury settled under Texas law. Malpractice carriers are required by TDI to submit two separate forms: a short form and a long form. For claims closed prior to September 1, 2009, the short form related to liability claims closed with bodily injury indemnity settlements over $10,000 but less than $25,000, and the long form related to those c laims with settlements of $25,000 or more. After September 1, 2009, the short form related to liability claims closed with bodily injury indemnity settlements over $25,000 but less than $75,000, and the long form related to those claims with settlements of $75,000 or more. TDI collects these forms on a quarterly basis and reviews the forms manually and electronically to monitor data quality. Insurers submit over 17,000 claims per year that account for over $1 billion in paid sett lements. TDI makes the closed claim data per calendar year and an annual report available to the public.