MagMutual declares policyholder dividend for 2020

March 12, 2020 by matray

MagMutual Insurance Company today announced it will be returning a 7% dividend to its PolicyOwners.

This marks the thirteenth consecutive year that the company has paid dividends. Since its inception, the company has returned more than $293M in financial rewards to its PolicyOwners, according to MagMutual.

“MagMutual is owned by our policyholders – that’s why we call them ‘PolicyOwners’ – and we want to make sure they profit from their company’s success,” said Joe Wilson, MD, executive chairman of MagMutual. “Our core business precepts are always putting PolicyOwners interests first and optimally managing their company. Paying dividends is a reflection of our commitment to them.”

“Our ability to continue paying some of the highest dividends in the industry, whilst maintaining positive operations and growing our significant financial strength, is a testament to the whole team,” said Neil Morrell, CEO of MagMutual. “I am thrilled for our policyholders and proud of my colleagues.”

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Official statement from the Medical Professional Liability Association on coronavirus and its upcoming, May 6-8, Conference in Washington, D.C.

March 12, 2020 by matray

Official statement from the Medical Professional Liability Association on coronavirus and its upcoming, May 6-8, Conference in Washington, D.C.

"The MPL Association has been having extensive discussions and consultations with Association members and leadership and other valued sources of information as well as actively monitoring developments related to the coronavirus. At this time, the MPL Association Conference in May will continue as planned. However, the Association remains very mindful of the health and safety of our members, affiliate partners, sponsors, and staff, and we will continue to closely monitor guidance from the CDC and state and local health agencies."

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