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...

January 15, 2025 by matray

RedRay MGA Pte. Ltd. (RedRay), a Managing General Agent (MGA), announced its appointment as the exclusive underwriting agent for Everest International Reinsurance Limited, Singapore Branch (EIS) for Medical Malpractice Liability Insurance and associated coverages in Asia. EIS has obtained the relevant regulatory approval to appoint RedRay as its underwriting agent… Continue reading...

January 6, 2025 by matray

Below are some headlines and article synopses from the January 2025 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. New York Gov. Hochul Vetoes Grieving Families Act for Third Time The 2024 session of the New York State Legislature was like déjà vu… Continue reading...

January 2, 2025 by matray

Mutual Insurance Co. of Arizona (MICA) today announced that its Board of Trustees has declared a policyholder dividend of $16 million. The dividend will be allocated among participating policyholders who are current members as of Dec. 31, 2024, the record date. “As a mutual insurer, our member-policyholders are at the heart… Continue reading...

December 12, 2024 by matray

Below are some headlines and article synopses from the December 2024 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. How the 2024 Elections Could Affect the MPL Insurance Industry Elections have consequences. And with the 2024 U.S. election cycle in the American rearview mirror,… Continue reading...

December 6, 2024 by matray

MagMutual Insurance Co. announced that its chief medical officer Tanner Colegrove, MD, will present current research on maternal mortality in the U.S. during the American College of Obstetricians & Gynecologists (ACOG) West Virginia Section Meeting, December 6 - 8 at the Greenbrier in White Sulphur Springs. Colegrove will discuss findings… Continue reading...

December 3, 2024 by matray

AM Best affirmed BETA Healthcare Group’s financial strength rating of “A” (Excellent) with a stable outlook. BETA is a provider of hospital professional liability and the medical professional liability. Best noted several key aspects of BETA’s operations that contributed to its rating: • Strongest level of risk-adjusted capitalization as measured… Continue reading...