Victoria Reyes, MD, Elected to the Integris Group Board of Directors

June 30, 2022 by matray

Integris Group announced the election of Victoria Reyes, MD, to a three-year term on its board of directors. The election became official at the Integris Group Incorporated Annual Meeting on June 11.

“We were pleased to see that membership recognized the wealth of knowledge and experience that Dr. Reyes brings to the board of directors,” said Stephen J. Gallant, Integris Group chief executive officer. “Her presence on the board will prove to be an asset to the entire company as we continue to expand our footprint and offerings to members.”

Reyes is board-certified in anatomic pathology and clinical pathology. Throughout her career, she has served on numerous committees that focus on safety and quality in the laboratory and patient care setting. She has been the chair of the Pathology Department and the laboratory medical director at Lawrence & Memorial Hospital since 2009 and Westerly Hospital since 2013. She is currently in private practice at Pathology Consultants of New London.

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Bill Burns to Join MPL Association as Vice President of Research

June 30, 2022 by matray

The MPL Association announced Bill Burns will join its ranks as vice president of research on Sept. 6, 2022. Burns comes to the Association from Conning where he spent five years as a director on the insurance research team with a specific focus on the MPL industry. Prior to joining Conning, Burns was the head of reinsurance loss reserving at Everest Re. He also has served as the chief actuary at two medical professional liability companies and is a frequent speaker at industry conferences. He also served as guest editor of the Medical Liability Monitor's Annual Rate Survey from 2019-2022.

“Bill will join the Association to create, oversee and operationalize research strategies. In this role, he also will direct the Data Sharing Project,” said Brian Atchinson, MPL Association president and CEO. “Bill brings with him a wealth of expertise in the MPL community. We are pleased to welcome him to the Association.”

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The Doctors Company Celebrates 15-Year Anniversary of the Tribute Plan

June 14, 2022 by matray

The Doctors Company announced today that it has paid more than $140 million in Tribute Plan awards during the past 15 years to its members. Tribute was the first national plan to recognize retiring doctors for their loyalty and commitment to superior patient care, according to the medical professional liability insurer, and the largest such benefit in the industry.

According to The Doctors Comapny, more than 11,500 Tribute awards have been paid during the last 15 years — the largest award being $264,808.

“The Tribute Plan is tangible proof of our mission to advance, protect and reward the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company and TDC Group. “I'm pleased that in our recent survey of members, 92% recognized the importance of Tribute and 90% expressed satisfaction with our unmatched benefits.”

According to The Doctors Company, its financial strength — with more than $6.5 billion in assets and $2.5 billion in member surplus — empowers the company to offer these rewards without compromising its ability to protect its members’ livelihoods or pay claims. The millions of dollars that are in Tribute accounts today come from the capital of the company, not from premiums, and Tribute payments do not affect The Doctors Company’s ongoing dividend program.

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Medical Liability Monitor June 2022 Issue Highlights

June 9, 2022 by matray

The June 2022 issue of Medical Liability Monitor features the following articles and more. Click here to subscribe today.

MPL Industry Losses Narrow, Barriers to Underwriting Profit Remain The U.S. medical professional liability insurance (MPLI) market posted an underwriting loss for the sixth consecutive year, with a 108% combined ratio in 2021. This result represents a significant improvement from 113% in 2020, and reverses a trend of four consecutive years of weakening performance. Strong written premium growth, driven by a level of premium rate increases unseen in many years, provides a basis for further performance improvement in 2022. However, the segment’s return to a future underwriting profit is tempered by uncertainty about the durability of pricing momentum and the effects on incurred losses from economic volatility, higher inflation and any post-pandemic revival of heightened litigation activity …

AM Best Report, Webinar Examine the Difficult Environment for MPL Despite improving its profitability last year, AM Best maintained a negative outlook for the medical professional liability (MPL) insurance segment in 2022. In correlation with the publication of this year’s MPL market segment report, Difficult Environment for U.S. Medical Professional Liability, Best hosted a roundtable-style webinar on the state of the MPL market, where industry leaders discussed the data underlying the report. The following consists of data from the special report and commentary from its corresponding webinar ...

COVID Still a Concern as Medical Professional Liability Association Annual Conference Looks Toward the Future The Medical Professional Liability (MPL) Association hosted its annual conference at the Grand America Hotel in Salt Lake City from May 16 - 18. With two-thirds of Americans fully vaccinated against COVID-19, and a majority of states having lifted health-related restrictions, an optimism that the U.S. healthcare delivery system is settling into a new normal permeated the three days of in-person educational sessions and networking events. Following are some highlights from the educational sessions at this year’s MPL Association Conference …

Ripple Effects of Abortion Restrictions Confuse Care for Miscarriages As the Supreme Court appears poised to return abortion regulation to the states, recent experience in Texas illustrates that medical care for miscarriages and dangerous ectopic pregnancies would also be threatened if restrictions become more widespread. The laws in Texas — and perhaps elsewhere soon — could boost physicians’ vulnerability to medical malpractice lawsuits. Consider the patient whose miscarriage care is delayed and who develops a serious infection …

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The Doctors Company Names Megan Mahoney, MD, MBA, to Board of Governors

May 27, 2022 by matray

The Doctors Company announced the appointment of Megan Mahoney, MD, MBA, to its Board of

Megan Mahoney, MD, MBA, has been appointed to the Board of Governors of The Doctors Company.

Governors. Mahoney is chief of staff for Stanford Health Care and professor of medicine at Stanford University School of Medicine, where she oversees the quality, safety and professionalism activities of the 3,000 physicians within Stanford Health Care.

“We are pleased to welcome Dr. Mahoney to our board,” said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. “Her background is extraordinary, and her expertise in precision health and practice transformation, in large healthcare systems, further strengthens The Doctors Company on our mission to advance the practice of good medicine.”

Prior to joining Stanford, Mahoney served in leadership capacities in clinic operations, medical education and research as a faculty member at the University of California, San Francisco, for 10 years. She was a visiting professor at Aga Khan Medical College of East Africa and served on the family medicine committee of the Kenya Ministry of Health. She was selected as one of The Top 100 Women Leaders in Medicine of 2021 by Women We Admire.

“I am excited to bring my background in developing transformative approaches to proactive and personalized team-based care that empowers patients, healthcare providers, and communities to this organization dedicated to innovation,” said Dr. Mahoney. “I see my work throughout my career as an ideal complement to The Doctors Company and look forward to helping build upon TDC Group's position as the preeminent organization for service to healthcare.”

Mahoney earned her MD at the University of California, San Francisco, and her MBA at Brandeis University. She received her undergraduate degree in molecular and cellular biology from the University of California, Berkeley.

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Gregg Hanson Receives 2022 MPL Association Award of Excellence in Honor of Peter Sweetland

May 16, 2022 by matray

The Medical Professional Liability (MPL) Association awarded Gregg L. Hanson the 2022 Award of Excellence in Honor of Peter Sweetland at its annual conference last week in Salt Lake City. Hanson is being honored for his outstanding contributions and longtime dedication to the MPL insurance community, the MPL Association and healthcare  professionals.

Hanson served as the chief executive officer and president of Coverys from January 2012 until April 2021, where he was responsible for the strategic leadership of the organization, expanding its presence nationwide and establishing an international footprint.

He started his career at Coverys as vice president of underwriting in 2000. He was promoted to senior vice president of underwriting in 2006 and also assumed management responsibility of the Marketing, Risk Management and Healthcare Provider Education departments. Hanson was named the company’s chief operating officer in 2009 and added oversight of the Claims, Human Resources, and IT departments to his responsibilities.

Hanson previously served as senior vice president of southern operations and underwriting for ProNational Insurance Co. Other past positions included numerous executive roles with the St. Paul Insurance Co., encompassing underwriting, marketing and operational management throughout the Midwest and Florida.

Over the years, Hanson has served in various leadership roles within the MPL Association, including as a member of the Board of Directors, the MPL Association PAC Committee, Nominating Committee and Strategic Planning Committee as well as Section Chair of the CEO/COO Meeting.

“Gregg has made a significant positive impact on the Association and the industry as whole,” said James Q. Swift, MD, chair of the MPL Association Board of Directors and director and chair of OMSNIC. “We are extremely appreciative of his service. In particular, his innovative, thoughtful input on our recent strategic planning efforts will serve the Association for years to come. We are pleased to honor him with this well-deserved award.”

“Throughout his career, Gregg demonstrated great dedication to the MPL industry with his work at Coverys and his service to the Association,” said Brian K. Atchinson, president and CEO of the MPL Association. “He has long been a tireless champion of professional development for all those with whom he worked and consistently promoted the importance and value of MPL companies and all those whom they insure.”

The MPL Association Award of Excellence in Honor of Peter Sweetland, established in 1993 by the MPL Association’s Board of Directors, was created in honor of the late Peter Sweetland, one of the Association’s chief architects and most fervent supporters. The award recognizes an individual who has provided exemplary service to the industry and to the MPL Association, and who epitomizes the high ideals and ethics for which Peter Sweetland stood.

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Medical Liability Monitor May 2022 Issue Highlights

May 16, 2022 by matray

The May 2022 issue of Medical Liability Monitor features the following articles and more. Click here to subscribe today.

Corporate Acquisitions Accelerating Surge in Employed Physicians
New research from the Physicians Advocacy Institute (PAI), a nonprofit physician advocacy organization, in conjunction with the healthcare consultancy Avalere Health, indicates almost three quarters (73.9%) of all U.S. physicians were employed by a hospital, health system or other corporate entity as of Jan. 1, 2022, up from 69% at the same point last year. And researchers noted the employed-physician trend accelerated drastically after the onset of the COVID-19 pandemic — with 83,000 physicians having transitioned from independent practice since March 2020. …

California Healthcare Providers, Trial Attorneys, Legislators Reach Deal to Increase MICRA Cap
Stakeholders in the decades-long battle over California’s noneconomic damages cap for medical liability jury verdicts announced they have reached a compromise between healthcare, legal and consumer advocates on legislation to modernize the Medical Injury Compensation Reform Act (MICRA). Signed into law in 1975, MICRA established a $250,000 cap on medical malpractice awards for things like pain and suffering, which proponents argued was necessary to balance compensatory justice for injured patients with important legal and financial protections for healthcare providers. The cap has never been adjusted for inflation ...

Virtual or Hybrid Trials, Arbitration Expected to Continue Post-Pandemic
The national law firm Wilson Elser LLP expects virtual and hybrid jury trials, bench trials and arbitrations to continue as the nation and its court systems transition out of the COVID-19 pandemic. The prediction came during the 42-location firm’s recent National Mock Trial Training Program, where senior partners train Wilson Elser’s next generation of trial attorneys …

New York High Court to Determine Who Gets MLMIC Demutualization Money
The New York Court of Appeals, the highest court in the Unified Court System of the State of New York, heard oral arguments last month for a set of related cases questioning who is the rightful beneficiary of monies generated by the demutualization of Medical Liability Mutual Insurance Co. (MLMIC). What’s the question at hand? While the healthcare providers were listed as the policyholders on paper, their employers argue that because the medical practice paid the premium, they are, in fact, the policyholders and are entitled to the demutualization proceeds. The employed healthcare providers counter that the medical liability insurance coverage was part of their work compensation and they deserve the proceeds. …

Subscribe today to get this issue (as well as the 2021 Annual Rate Survey at no additional cost).

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Coverys Launches Coverys International Insurance Co.

April 28, 2022 by matray

Coverys announced the launch of Coverys International Insurance Co., based in Dublin, Ireland. Coverys International will write a portfolio of European specialty liability business primarily distributed through the group’s pan-European network of MGA companies that includes Bridge Insurance Brokers in Italy, AEC Group in Italy and Spain, and Brady Underwriting in Ireland.

Coverys International will be led by chief executive officer Rajeeva Aluwihare, previously chief operating officer of Coverys European Holdings (CEH) and Christina Lippert as chief underwriting officer. Steven Spano, chief executive officer of CEH will join the company’s board of directors as non-executive chairman.

Aluwihare has more than two decades of experience in the insurance industry, including 19 years in increasingly senior roles at Italian insurer Generali. Lippert has 25 years of experience with major international insurers focused on European specialty insurance products.

“Coverys International will expand our European risk-taking capabilities and provide our MGAs across Europe with additional insurance capacity to grow their businesses," said Steven Spano, Coverys Europe Holdings chief executive officer. "We continue to see attractive opportunities through our managing agencies across Europe. In Rajeeva, we have a highly experienced business leader ready to use leading-edge technologies to bring this vision to market to benefit our agency network’s clients and brokers.”

“The demand for the products offered by our managing agency partners is tremendous," Aluwihare said. "By providing additional capacity for these profitable portfolios, we will facilitate the growth of local European business, not only for us at Coverys, but for the other insurance markets that partner with the CEH agency network and our reinsurers. I look forward to working with our extensive network to realize our ambition.”

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Positive Physicians Insurance Co. Names Annie Matincheck Senior Vice President of Underwriting

April 20, 2022 by matray

Positive Physicians Insurance Co., a medical professional liability insurer serving hundreds of healthcare practices across 10 states, announced Annie Matincheck has joined its senior leadership team as senior vice president of underwriting.

Matincheck has more than 23 years of experience in the insurance industry, with most of her focus in medical liability. She has previously held leadership positions in the areas of underwriting, business development, marketing/brand and strategic projects with both national and regional carriers. Prior to joining PPI, Matincheck was an associate vice president of business development for the NORCAL Group where she oversaw the marketing, brand and agency services functions.

“We are beyond excited to have Annie join our team,” said Kim Casteel, Positive Physicians chief operating officer. “Her knowledge of the MPL industry will be an incredible asset for PPI. We look forward to her experience and leadership driving us as we continue to grow and change the landscape of the MPL industry.”  

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Chairman W. Stancil Starnes to Retire From ProAssurance Board of Directors

April 19, 2022 by matray

ProAssurance Corp. announced that W. Stancil (Stan) Starnes, executive chairman of the Board of Directors, will retire from the ProAssurance board at the end of his current term and is not standing for re-election. Starnes will serve his remaining term as a director and executive chairman, which expires at the Annual Meeting Shareholders to be held on May 24, 2022.

“On behalf of our entire organization and the stakeholders we serve, I want to thank Stan for his visionary leadership and deep commitment to our insureds, our investors, our employees and the larger medical community,” said Ned Rand, ProAssurance president and CEO. “Stan’s support, encouragement and mentorship have been indispensable to me. We all wish him the best in his upcoming retirement.”

Starnes has been a member of the ProAssurance Board since September 2007 and has served as chairman, then executive chairman, since October 2008. In addition, Starnes served as chief executive officer of the company from July 2007 to July 2019, overseeing a period in which ProAssurance completed seven acquisitions, diversified its product offerings and expanded its geographical reach.

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