AM Best Affirms “A” (Excellent) Rating for Curi’s Insurers 

June 24, 2025 by matray

Curi, the national healthcare advisory firm comprised of three distinct businesses: Curi Advisory, Curi Capital and Curi Insurance, today announced that rating agency AM Best has affirmed the “A” (Excellent) financial strength rating for six insurers in its Curi Insurance business. Each ratings was assigned a stable outlook, indicating Best's expectation that Curi’s strong balance sheet and ongoing strategic initiatives will drive consistent operating performance. Best also issued a long-term issuer credit rating of “a” (Excellent) to the company’s six insurers.

“We’re proud to be recognized by AM Best for our financial strength and operating performance, especially as our insurance entities unite around a shared commitment to service, strength and stability,” said Ryan Crawford, Curi Insurance’s chief executive officer. “As we continue to expand our reach nationwide, we remain firmly committed to the disciplined strategies and deep-rooted values that have earned the trust of our clients since 1975.”

“As we celebrate 50 years in business, this affirmation from AM Best is both a milestone and a motivator,” said Jason Sandner, Curi chief executive officer. “It reflects the financial strength we’ve built over the years and the unified vision we’re advancing today. Bringing together our insurance entities, we’re laying the foundation for even greater impact in the decades to come as a trusted partner for our clients in medicine, business and life.”

The insurers rated include Arkansas Mutual Insurance Co., Medical Mutual Insurance Co. of North Carolina, Medical Security Insurance Co., MMIC Insurance, Inc., MMIC Risk Retention Group, Inc., and UMIA Insurance Inc.

Curi reports more than $2.5 billion of consolidated assets and nearly $500 million in revenue, serving more than 75,000 physicians, healthcare providers and organizations across the U.S.

TDC Survey Reveals Only 12% of Physicians Likely to Recommend Medicine as a Career, Citing Misinformation and Lack of Trust

June 24, 2025 by matray

A new physician survey reveals a Net Promoter Score (NPS) of -52 for professional satisfaction, with only 12% of physicians recommending medicine as a career to others. The top reason: 64% of physicians named misinformation on social media as the most challenging part of practicing medicine.

Conducted by The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, the survey offers timely insights into physicians' current mindsets.

“We conducted this survey in December 2024 and January 2025, following a turbulent year in healthcare, to better understand physician perspectives on their practice environment,” said Deepika Srivastava, chief operating officer of The Doctors Company. “To fulfill our mission of advancing, protecting, and rewarding the practice of good medicine, we must listen to those on the front lines of patient care. While many physician surveys focus on compensation, EHRs, or AI, our goal was to uncover the everyday challenges clinicians face.”

When asked about the most challenging aspects of medical practice, respondents cited numerous concerns, including:

• 64%: Misinformation on social media
• 62%: High costs of medical care
• 55%: High cost of drugs
• 52%: Declining patient trust in physicians and the healthcare system
• 42%: Political climate affecting medical decision making

An infectious disease physician in New York said: “Medicine will always be about the physician and patient together, working to solve problems. Outside influences that sabotage this relationship such as high costs, poor access to care, administrative burdens, and AI masquerading as knowledge, continue to need resistance.”

Despite the challenges, physicians reiterated their joy in practicing medicine, acknowledging the most rewarding aspects of their career, including:

• 70%: Helping people recover from illness or injury
• 55%: The ability to solve complex problems
• 52%: Utilizing skill and knowledge
• 43%: Working with people who share the same passions
• 40%: Forming personal connections with patients and families

“The practice of medicine has changed dramatically with the growth of EHRs, the pandemic, and the introduction of AI,” Srivastava said. “Physicians are navigating greater complexity, higher patient demands, and increasing regulatory pressures. Now more than ever, they need support, advocacy, and protection to continue delivering safe, high-quality care. We remain committed to standing with them through every challenge.”

Read the in-depth survey and more physician feedback.

Survey Methodology: 368 physicians answered 11 questions. In terms of age, the bulk of our survey respondents were baby boomers, millennials, and members of Gen X. Respondents represented 47 U.S. states and a mix of specialties.

Indigo Launches State-of-the-Art Broker Portal, Ushering in a New Era for Medical Malpractice Insurance Brokers

June 23, 2025 by matray

Indigo Insurance today announced the launch of its cutting-edge Broker Portal, which the AI-driven medical liability insurer says sets a new standard for how medical malpractice insurance brokers manage and grow their books of business.

Built with modern design principles and real-time functionality, the portal empowers Indigo’s distribution partners to seamlessly serve clients and access policy-level data with unprecedented ease. The portal design process was also shaped by direct feedback from broker partners, underscoring Indigo’s commitment to driving better user experiences.

“This is not just a portal — it’s a distribution revolution,” said Jason Foucher, chief product officer at Indigo. “We’re eliminating the bottlenecks that have plagued medical malpractice for decades and replacing them with instant access, intelligent automation, and real-time visibility.”

The Doctors Company Awarded Great Place to Work Certification for Third Time

June 10, 2025 by matray

The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, announced today it has been Certified™ as a Great Place to Work® for the third time. The recognition is based on what current employees say about working at The Doctors Company — with 89% of its employees saying it's a great place to work.

“Promoting a people-focused culture is a fundamental part of our talent strategy,” said Rachel Nelson, senior vice president of Human resources for The Doctors Company. “We are proud to support a workplace where employees feel heard, valued, and empowered to grow. By actively listening to our teams and acting on their feedback, we continue to strengthen the employee experience and invest in the success of our people.”

Great Place to Work is a global authority on workplace culture, employee experience, and the leadership behaviors required for market-leading revenue, employee retention and innovation.

The Trust Index Survey, administered by the Great Place to Work Institute, assesses employee satisfaction in key areas. The Doctors Company scored over 90 percent in the following categories:

• When you join The Doctors Company, you are made to feel welcome.


• Management is honest and ethical in its business practices.


• I am proud to tell others I work at The Doctors Company.

“Our company culture is a top priority, and we are pleased to be recognized as a great place to work for the third time,” said Deepika Srivastava, chief operating officer for The Doctors Company. “At every level of our organization, we’re guided by our core values—integrity, service, accountability, professionalism, collaboration, and agility. These principles shape how we operate and deliver the best imaginable service to our members.”

Medical Liability Monitor June 2025 issue highlights

June 9, 2025 by matray

Below are some headlines and article synopses from the June 2025 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today.

MPL Insurers Struggle with Underwriting Losses As Investment Gains Boost Profit, AM Best Reports
The medical professional liability (MPL) insurance market continues to face mounting pressure as underwriting results deteriorate amid a challenging and rapidly evolving risk environment, according to Medical Professional Liability: Underwriting Results Pressured by Evolving & Complex Landscape, AM Best’s latest market segment report. While the profitability of Best’s MPL insurer composite improved for the second consecutive year — thanks largely to growth in net investment income — insurers are contending with a rise in loss and loss adjustment expenses, declining reserve redundancies, and increasing claims severity …

New York Budget Preserves Free Excess Malpractice Coverage After Pushback
New York lawmakers finalized the state’s Fiscal Year 2025-2026 Budget last month without including a controversial proposal that would have significantly altered funding for the state’s Excess Medical Malpractice Insurance Program. The final budget rejected a plan that would require physicians to cover half the cost of this supplemental medical liability insurance — coverage that has traditionally been provided free of charge …

Florida Governor Vetoes Bill Repealing ‘Free Kill’ Law That Would Expand Eligibility for Noneconomic Damages
Gov. Ron Desantis last month vetoed House Bill 6017, legislation that would have ended a decades-old medical malpractice law, often called a “free kill” law, expanding survivor eligibility for noneconomic damages in wrongful death medical negligence actions …

Medical Professional Liability Industry Assembles in Austin to Address Persistent and Emerging Challenges
The 2025 Medical Professional Liability (MPL) Association Annual Conference convened May 21–23 at the JW Marriott in Austin, Texas, drawing medical professional liability leaders, underwriters, risk managers, attorneys and healthcare executives from across the country and abroad. In addition to its renowned networking opportunities, this year’s event featured a dynamic lineup of educational sessions focused on the industry’s most urgent and emerging challenges, including artificial intelligence, gender-affirming care, physician burnout, escalating jury verdicts and tort reform erosion …

EmPRO Opens Boston Office, Hires Industry Vets to Lead Northeast Region
EmPRO Insurance Co. last month announced the opening of its Boston office, the company’s first location in Massachusetts. The move marks a milestone in EmPRO’s strategic expansion into the New England market, which the medical liability insurer says reflects its commitment to becoming a leading medical malpractice insurance provider throughout the Northeast Region, following earlier entries into New Jersey, Pennsylvania and Connecticut. …

Ransomware Primary Driver of Healthcare Data Breaches
A new study conducted by researchers from Michigan State University, Yale University and Johns Hopkins University reveals that ransomware attacks have become the primary driver of healthcare data breaches in the United States, compromising more than 285 million patient records over 15 years …

Subscribe today to get this issue (as well as the 2024 and 2025 Annual Rate Survey at no additional cost).

NCMIC Names David Siebert New CEO

June 6, 2025 by matray

NCMIC announced the appointment of David Siebert as its new chief executive officer, effective immediately. Siebert succeeds Mike McCoy, who is retiring.

Siebert joined NCMIC in 1995 as a claims representative and has grown along with the company, serving as a litigation consultant, senior director, assistant vice president and senior vice president. He was named the president of NCMIC Insurance Co. in 2020, where he helped the company grow to a record number of policyholders and led multiple strategic growth initiatives. Prior to joining NCMIC, Siebert spent two years in claims at Crawford & Company where he worked with self-insured risks. He graduated from the University of Missouri-Kansas City with a bachelor’s degree in business administration.

“I’m honored and energized to step into this role and lead NCMIC forward. After nearly 30 years here, I know that our strength comes from the incredible people who live out ‘We Take Care of Our Own’ every day," said Siebert. "Our doctors are at the heart of everything we do, and I'm excited to build on our successes, embrace new opportunities, and keep growing together as a team. I truly believe our best days are ahead."

As CEO, Siebert will oversee all operations and strategic initiatives across the enterprise, ensuring NCMIC’s continued commitment to supporting doctors of chiropractic, naturopathic doctors, and other healthcare professionals with specialized insurance and financial products.

Sunlight Simplify and Preverity Announce Strategic Integration

June 6, 2025 by matray

Sunlight Simplify, a provider of cloud-based, no-code and low-code policy administration solutions for insurance carriers and managing general agents (MGAs), and healthcare data science and analytics company Preverity Inc. announced a new partnership aiming to "revolutionize how insurers manage policy lifecycles by embedding real-time medical and billing intelligence directly into underwriting, claims processing, and policy servicing workflows."

“This partnership reflects our commitment to innovation and automation in insurance operations,” said Bernadette Leh, Sunlight Simplify president. “By connecting Sunlight Simplify with verified medical and billing information, our customers can make faster, more informed decisions, ultimately improving service quality and operational efficiency.”

Preverity brings deep domain expertise and a robust network of data sources, delivering accurate, real-time medical records and billing data nthrough a secure API framework. By embedding this intelligence into the Sunlight Simplify ecosystem, insurers gain a powerful tool to reduce fraud, accelerate underwriting, and simplify audits.

“We’re excited to work with Sunlight Simplify to help carriers modernize their approach to policy management,” said Gene Boerger, Preverity president and COO. “This integration empowers insurance providers with the data transparency they need to stay competitive in a digital-first marketplace.”

LAMMICO CEO Dr. J. Michael Conerly Named Chair of MPL Association Board

June 3, 2025 by matray

J. Michael Conerly, MD, FACS, MBA, president and chief executive officer of LAMMICO, has been appointed chair of the Medical Professional Liability Association (MPL Association), the international organization representing the medical and hospital professional liability insurance community.

The MPL Association’s board of directors also named Joseph G. Murphy, president and CEO of Coverys, to serve as vice chair and treasurer, and Edward L. Rand, Jr., president and CEO of ProAssurance Corp., to serve as secretary.

In addition to their new leadership roles, Conerly and Murphy were re-elected to three-year terms on the MPL Association board during its annual meeting of members.

“We are pleased to have Dr. Conerly at the helm of the board,” said MPL Association interim president and CEO Eric R. Anderson. “He has an extensive and distinguished career in the healthcare and medical professional liability fields, and we will benefit greatly from his guidance and expertise.

“We are also extremely appreciative of the commitments of our other board officers and directors,” Anderson continued. “All of these leaders bring tremendous expertise and knowledge to the MPL Association, and we look forward to working with them as we strive to advance the interests of the MPL industry and deliver on the mission of the organization.”

AM Best Affirms Credit Ratings of New Zealand Medical Indemnity Insurance Limited

May 22, 2025 by matray

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of New Zealand Medical Indemnity Insurance Limited (NZMII) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect NZMII’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

NZMII’s balance sheet strength is underpinned by its risk-adjusted capitalisation being at the strongest level as of 31 March 2024 (fiscal year-end 2024), as measured by Best’s Capital Adequacy Ratio (BCAR). Prospective risk-adjusted capitalisation remains sensitive to the pace of the company’s business growth and the size of future dividend distributions given its modest capital base. Additionally, the company’s balance sheet strength is supported by its conservative investment portfolio, consisting mainly of cash and fixed-income securities. Partially offsetting factors include the company’s small absolute capital base, which increases the sensitivity of capital to shock events, and its limited financial flexibility.

NZMII’s operating performance is assessed as adequate, supported by a return-on-equity ratio of 25.8% and a net/net combined ratio of 66.3% in fiscal year 2024, as calculated by AM Best. The company’s overall operating performance has improved significantly since fiscal year 2021, as a result of remedial actions taken by the company’s management, including premium rate adjustments and shifting the composition of the investment portfolio to reduce investment risk. In addition, NZMII’s earnings remain supported by healthy investment income, with a net investment yield (including gains) of 8.2% in fiscal year 2024.

AM Best assesses NZMII’s business profile as limited given its position as a small and niche insurer in New Zealand providing medical indemnity insurance to medical practitioners and health professionals. The company’s claims consist largely of legal fees excluding medical injury costs. As a monoline insurer with operations in a single country, AM Best views NZMII as having limited geographic and product diversification. Access to new business is supported by the company’s affiliation with the New Zealand Resident Doctors’ Association.

NZMII’s ERM is assessed as appropriate given the size and complexity of its operations. A key risk over the medium to long term is the disestablishment of district health boards in New Zealand, which provide considerable support to the company in accessing new business. To date, NZMII has successfully managed this risk by actively engaging with Health New Zealand, the new centralised body that replaced the district health boards, and strengthening its network.

The Doctors Company Appoints Three New Healthcare Leaders to Its Board of Governors

May 20, 2025 by matray

The Doctors Company, part of TDC Group, announced the appointment of John M. Haupert, FACHE; Henna A. Karna, PhD; and Ami Parekh, MD, JD, to its Board of Governors.

The Doctors Company Board of Governors is composed of physicians and healthcare leaders and distinguished executives of Fortune 100 companies, representing many of the nation's leading health systems, banks, technology companies, financial advisors, and property/casualty insurers.

John M. Haupert, FACHE, is a board certified Fellow in the American College of Healthcare Executives and recipient of the ACHE Regent's Leadership Award. He currently serves as the President and CEO of Grady Health System, based in Atlanta, Georgia.

Henna A. Karna, PhD, is a tech entrepreneur and a proven expert in patented product design, development, and launch. She is a highly respected global leader in establishing effective and committed teams. Dr. Karna has won numerous awards for digital innovations that leverage artificial intelligence (AI), data, and complex analytics across various industries, including high-tech, CPG, risk management, and financial services (capital markets, payments, and commercial insurance). Dr. Karna serves on several public and private boards and holds degrees in mathematics from UMass and WPI, an MBA from MIT Sloan, and is a Senior Fellow of Harvard University.

Ami Parekh, MD, JD, is currently the Chief Health Officer at Included Health, where she leads their national primary care, urgent care, behavioral health, clinical navigation, and population health management practices. Previously, she served as the Chief Medical Officer of Population Health and Clinical Integration at UCSF Health. Her expertise is in driving system-level change toward value for the patients and purchasers of American healthcare.

"I am pleased to welcome these distinguished experts to our board," said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. "Their expertise in medicine, technology, and executive leadership will significantly bolster our efforts to provide best imaginable service to the rapidly evolving world of American healthcare as we fulfill our mission to advance, protect, and reward the practice of good medicine."