March 19, 2025 by matray

The Doctors Company and ProAssurance Corp. today announced that they have entered into a definitive agreement under which ProAssurance will be acquired by The Doctors Company. The combined company will have assets of approximately $12 billion. “We are excited to further our mission to advance, protect, and reward the practice of… Continue reading...

March 13, 2025 by matray

The Cooperative of American Physicians (CAP) is celebrating its 50th anniversary this year. Founded in 1975 by a group of nine California physicians, CAP was established to address the escalating costs of medical malpractice coverage through its Mutual Protection Trust (MPT), rated A+ (Superior) by AM Best for 18 consecutive… Continue reading...

March 7, 2025 by matray

Below are some headlines and article synopses from the March 2025 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. Primary Care Physicians Concerned About GLP-1 Telehealth Prescriptions Amid soaring patient demand for GLP-1 weight loss medications such as Ozempic and Wegovy, primary care… Continue reading...

March 5, 2025 by matray

The Mutual Risk Retention Group recently announced that its long-serving president and chief executive officer, Gloria H. Everett, will retire after 23 years of leadership. As part of a carefully planned transition, the company has initiated a national search for its next CEO, ensuring a seamless leadership change that aligns… Continue reading...

March 3, 2025 by matray

Coverys has appointed Naveed Anwar as its chief financial officer. Reporting to Coverys President and CEO Joseph G. Murphy, Anwar will oversee strategic initiatives focused on expanding growth opportunities and optimizing capital management to support the company’s long-term sustainability and organizational goals. Anwar brings more than 25 years of financial… Continue reading...

February 21, 2025 by matray

The Doctors Company, part of TDC Group, announced today the promotion of Laura Kline, MBA, CPCU, CIC, to regional operating officer of the Northeast Region. In her new role, Kline will drive operational excellence across the 26 states located in the Northeast Region and lead teams including Business Development, Underwriting,… Continue reading...

February 14, 2025 by matray

MagMutual Insurance Co. announced a 2.5% dividend return to its policy owners for this year. With this latest declaration, MagMutual now has awarded 26 years of dividends throughout its company history. During that time, the company has returned $468 million in financial rewards to policyholders since inception, including $167 million… Continue reading...

February 7, 2025 by matray

Below are some headlines and article synopses from the February 2025 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. Oregon Supreme Court to Determine MPL Limits in Non-Patient’s Death The Oregon Supreme Court last month heard oral arguments in a case seeking to… Continue reading...

January 31, 2025 by matray

The Cooperative of American Physicians, Inc. (CAP) announced that AM Best has reaffirmed its A+ (Superior) rating for the Mutual Protection Trust (MPT). MPT provides medical malpractice coverage to 13,000 physicians, making it California’s second-largest provider of medical professional liability coverage. Since 2006, MPT has earned AM Best’s A+ (Superior)… Continue reading...

January 30, 2025 by matray

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MLMIC Insurance Company (MLMIC) (Albany, NY). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MLMIC’s balance sheet strength, which AM Best assesses as strongest, as… Continue reading...