January 24, 2023 by matray

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a-” (Excellent) of MDAdvantage Insurance Co. of New Jersey (MDAdvantage) (Lawrenceville, NJ). The outlook assigned to these Credit… Continue reading...

January 17, 2023 by matray

The Mutual Insurance Company of Arizona (MICA) recently announced that its Board of Trustees has declared a policyholder dividend of $15 million to be allocated among current members as of Dec. 31, 2022, the record date. The dividend will be distributed in February 2023. For policyholders insured by MICA for… Continue reading...

January 9, 2023 by matray

Below are headlines and article synopses from the January 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today. Medical Professional Liability Premium Growth Slowed in 2022 The medical professional liability insurance industry experienced double-digit premium growth in 2021, driven by firmer pricing and a… Continue reading...

January 9, 2023 by matray

Mutual Insurance Co. of Arizona (MICA) recently announced the following leadership changes in anticipation of retirements at key positions. Effective Jan. 16, 2023, Sherry Haworth joins MICA as its senior vice president and chief operating officer. Haworth was most recently at PLICO, a MedPro Group/Berkshire Hathaway Co. that specializes in medical… Continue reading...

December 12, 2022 by matray

Study Shows Wide Variance Among States’ Malpractice Costs Physicians, nurses and healthcare workers in the state of New York suffered the largest number of medical malpractice lawsuits filed between 2012 and 2022, while those in Wisconsin experienced the fewest filings during the same period, according to a study published online… Continue reading...

December 9, 2022 by matray

Positive Physicians Insurance Co. announced today that it has partnered with Coalition, an “Active Insurance” provider designed to prevent digital risk before it strikes, to provide Positive Physician’s insured physicians and healthcare providers with competitively priced and broader coverage options. “Coalition is a globally recognized provider of cyber insurance that… Continue reading...

December 6, 2022 by matray

CNA announced the appointment of Steve Goldman to senior vice president of financial lines and healthcare. In this role, Goldman will guide the strategic and operational plans across these product lines. "Steve's proven track record of performance across all facets of the financial lines portfolio, and his deep leadership experience… Continue reading...

December 6, 2022 by matray

NOW Insurance, a full-stack, AI-enabled commercial insurance platform specializing in medical professional liability coverage, announced today the hiring of two new executives: Patrick O’Doherty as executive vice president of underwriting and Christopher Ernest as director of underwriting for allied healthcare. Both are new roles for the company. O’Doherty will be… Continue reading...

November 30, 2022 by matray

EmPRO Insurance Co. announced today that its education program for physicians has won international recognition with three new awards. These are the first awards for EmPRO, adding to the 17 awards previously achieved by its parent, Physicians’ Reciprocal Insurers. The winning 5 CME credit program, “A Day in the Life… Continue reading...

November 22, 2022 by matray

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to West Virginia Mutual Insurance Company (WVMIC) (Charleston, WV). The outlook assigned to these Credit Ratings (ratings) is stable.  The ratings reflect WVMIC’s inclusion as a member company under MAG… Continue reading...