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The California Medical Association (CMA), representing nearly 50,000 physicians, has chosen The Doctors Company as its exclusive medical professional liability insurance company (MPLI) corporate sponsor.
"We are honored to be the exclusive MPLI corporate sponsor of the California Medical Association. We are steadfastly committed to supporting the medical profession in California and continue to empower physicians and advance healthcare excellence in our home state," said Richard E. Anderson, MD, FACP, chairman and chief executive officer, The Doctors Company and TDC Group. "CMA and The Doctors Company share an abiding commitment to advance the practice of good medicine."
CMA members are eligible for many offerings from The Doctors Company. The Doctors Company offers members competitive rates for medical malpractice insurance, aggressive defense, expert patient safety tools and programs, access to its risk management program, and a range of coverage options for physicians. CMA members who become insured by policies of The Doctors Company can also benefit from the Tribute Plan, which financially rewards physicians for their loyalty and commitment to superior patient care.
"The Doctors Company was the obvious choice for this partnership because their legislative and judicial advocacy on behalf of physicians has been an unwavering force in California for decades. As an organization founded and led by physicians, they understand the ever-changing healthcare landscape," said Dustin Corcoran, chief executive officer of CMA. "The Doctors Company shares CMA's ongoing commitment to defending laws and enacting new measures that limit liability exposure for physicians in all practice settings."
CMA joins many of the most prestigious medical organizations, including the Florida Medical Association and the Michigan State Medical Society, which collaborate with The Doctors Company through exclusive sponsorships, partnerships, and/or endorsements because of its physician focus, financial strength, and mission to advance, protect, and reward the practice of good medicine.
Below are some headlines and article synopses from the December 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today.
Meet Indigo, the Company Looking to Modernize MPL Insurance
Indigo — the new medical professional liability (MPL) insurance platform utilizing artificial intelligence, expanded data and advanced technology to offer customized pricing for physicians and a streamlined experience for brokers — grabbed the MPL industry’s attention with its October launch and the announcement that AMA Insurance Agency Inc., a subsidiary of the American Medical Association, will work exclusively with the company to bring its innovative medical malpractice insurance solution to physicians …
AM Best Revises Outlook on U.S. Medical Professional Liability Segment to Stable
AM Best revised its outlook on the U.S. medical professional liability (MPL) insurance segment to stable from negative, citing improved rate adequacy, the diminishing impact of pandemic-related exposures, persistently redundant loss reserves, higher reinvestment rates and improved overall returns …
Curi Buys Majority Stake in $9.6B RMB Capital, Forms Curi RMB Capital
Curi entered into a definitive agreement last month to acquire a majority stake of RMB Capital, a registered investment advisory firm with more than $9.6 billion in assets under advisement. As part of the agreement, Curi Capital, a registered investment advisory firm with approximately $1.6 billion in assets under advisement, will merge with RMB. The transaction is expected to close by the end of the year. Terms were not disclosed. Curi Capital is a division of Curi’s overall healthcare advisory firm, which also includes Curi Insurance and Curi Advisory …
President Biden Takes First Step Toward Regulating AI in Healthcare
President Joe Biden took a significant step in shaping how the U.S. government will regulate artificial intelligence (AI) technologies across various industry sectors, including healthcare, when he signed Executive Order 14110, titled “Safe, Secure & Trustworthy Development & Use of Artificial Intelligence.” The Oct. 30 executive order establishes a policy framework for managing risks associated with AI and directs agency action to regulate the use of health AI systems and tools …
Strong Investment Returns Highlight Third-Quarter MPL Financial Results
With nine months of 2023 in the books, the MPL industry appears to be struggling to maintain momentum with regard to increasing direct written premium, but the industry’s investment income through the third quarter of 2023 spiked to $680 million, a level not seen since 2011 …
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group clients.
According to NOW, the platform utilizes a state-of-the-art underwriting process that allows brokers to receive a quote using only the physician’s or group’s national provider identifier (NPI) number. No application is needed. Clean accounts will return a quote in just minutes, an improvement over traditional malpractice quoting that can take weeks of information gathering and back and forth with an underwriter.
“We’re thrilled to bring our technology to the market for physicians’ malpractice coverage. We’re confident both brokers and physicians will be impressed with the efficiency and the coverage,” said Philip Cabaud, NOW Insurance founder and chief executive officer.
The simple online platform has a clean and easy-to-use interface. Brokers and teams can manage all their opportunities in one place, check status and communicate with an underwriter inside the portal.
“The platform gathers nearly all the information needed to effectively underwrite this class without an application, lifting a burden off the broker and their clients,” said Patrick O’Doherty, Now Insurance executive vice president of underwriting. “The data that informs the underwriting is more robust, and crucially, more accurate, than anything else in the market.”
physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group clients.