AM Best Affirms A (Excellent) Rating of Mutual Insurance Company of Arizona

September 6, 2023 by matray

Mutual Insurance Co. of Arizona MICA) announced that AM Best has affirmed its Financial Strength Rating (FSR) of A (Excellent) and its Issuer Credit Rating (ICR) of a+ (Excellent) — both with a stable outlook. MICA Risk Retention Group, Inc. also received a rating of A (Excellent), a+ (Excellent) with a stable outlook.


“MICA is proud of its continued financial excellence as exemplified by our approach to business and the ongoing recognition by AM Best,” said Ed Markey, MICA president and CEO. “MICA’s commitment to the independent physicians, advanced healthcare professionals and group practices we cover remains stronger than ever. The people at MICA live our mission every day, and we are committed to bringing value to our members.”

In its rating report, AM Best recognized that MICA maintains the strongest level of risk-adjusted capitalization while maintaining a strong record of distributing policyholder dividends. MICA continues to deliver strong operating results that outperform the medical professional liability composite and the overall property/casualty industry. AM Best also recognized MICA’s significant market knowledge and expertise and its ability to appropriately assess and manage risk.

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Positive Physicians Insurance Co. Appoints Shelly Ursini Senior Vice President of Insurance Services

September 6, 2023 by matray

Positive Physicians Insurance Company announced the strategic appointment of Shelly Ursini as the senior vice president of insurance services, effective immediately. Shelly joins the team with a rich portfolio of experience in insurance services, marketing, underwriting and business development.

Shelly Ursini has more than 18 years of experience in the Medical Professional Liability (MPL) arena. She has served in various capacities on both the broker and carrier sides of the industry. Most recently, she held the position of vice president of marketing and business development at Integris Group where her leadership extended to both business development and underwriting teams, showcasing her versatility and comprehensive understanding of the industry.

Ursini will spearhead Positive's expansion initiatives in the New England region as part of the company's strategic plan to extend its national footprint. Beyond geographical expansion, she will be instrumental in diversifying the portfolio of products and services offered to our insureds, thereby enhancing customer value.

"Shelly is an extraordinary addition to our Senior Leadership Team," said Michael G. Roque, president and CEO of Positive Physicians Insurance Co. "Her extensive leadership and national experience in the MPL industry will be pivotal in executing Positive's strategic vision. We're excited to have Shelly's expertise as we make our forthcoming expansion into the New England territory and the introduction of new, region-specific products and services."

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I-PASS Institute, Coverys Collaborate to Bring Patient Safety Solution to Hospitals Nationwide

September 6, 2023 by matray

I-PASS Patient Safety Institute (I-PASS), an authority on highly reliable clinical handoffs, announced it is working with Coverys to offer a structured communication tool to hospitals nationwide. For more than 15 years, I-PASS has provided hundreds of healthcare institutions with the methodology, platform and training to implement best-in-class clinical handoffs that capture critical patient information, prevent communication breakdowns, and significantly improve patient safety. I-PASS will now be offered to select hospitals at no cost. The funds for this program have been made available through the Coverys Community Healthcare Foundation, Inc., through its Transitions in Care grant program.

Of the hospitals that applied to the grant’s call for nominations, up to three recipients will be selected to participate in the pilot program. The program will offer access to the full I-PASS handoff bundle, hands-on training and EHR integration to help these institutions reduce medical errors that occur due to miscommunication and poor patient handoffs. The grant recipients will be announced in fall of 2023.

A recent analysis by the Joint Commission identified communication breakdowns as the leading cause of sentinel events, which have increased by 78% from 2020 to 2022. With communication breakdowns, handoffs are a particularly vulnerable time for communication failures and can lead to serious or fatal medical errors. Further, hospitals and medical professional liability (MPL) organizations are seeing a steady rise in claims severity and medical malpractice nuclear verdicts. A 2022 study published in the Journal of Patient Safety shows that nearly half of all medical malpractice cases involve miscommunication, 77% of which could be prevented with a proper handoff tool.

“We recognize that in this challenging time in healthcare, proactive strategies are what’s going to drive meaningful change in patient safety,” said Dana Siegal, vice president of risk management and analytics at Coverys. “The Coverys team is committed to being part of this positive progress and bringing highly reliable handoff communications to hospitals to improve care delivery and experience. We’re looking forward to collaborating with I-PASS to bring world-class solutions to our providers.”

“I-PASS and Coverys are deeply aligned on the importance of advancing patient safety and mitigating risk through structured communication,” said William Floyd, CEO of I-PASS. “Seeing all sides of the ecosystem collaborating towards the same mission is heartening. When we implement solutions that are proven to address the root cause of harmful events, we create a higher standard of care and a system where everyone wins.”

The I-PASS handoff method was first established by the I-PASS Study Group – a team of clinicians determined to create a blueprint for safer handoffs that captured often-missed patient information. The I-PASS handoff bundle is a direct result of their cumulative experience and research. The bundle offers a universal structure that enables caregivers across clinical settings to communicate patient information reliably and uniformly. Today, I-PASS Institute coaches and clinical leaders work with hospitals to help them adopt the I-PASS methodology through planning, implementation, training, and ultimately, sustained behavior and positive culture change. The cumulative effect is a more positive care experience for all parties and the opportunity to significantly reduce preventable adverse events.

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