November 10, 2022 by matray

Ryan Specialty recently acquired certain assets of Centurion Liability Insurance Services, LLC. Centurion is a professional lines wholesale insurance broker with employees based in Florida and California. Prior to the acquisition, Centurion was partially owned by Insurance Office of America (IOA). “We are thrilled to add the Centurion professional liability… Continue reading...

November 7, 2022 by matray

COVID Burnout Driving Dangerous Decline in Healthcare Workforce COVID-related stress is exacerbating the number of healthcare workers leaving the medical profession, according to a newly released data report from the commercial intelligence company Definitive Healthcare. According to the data, as many as 333,942 healthcare workers exited the profession in 2021.… Continue reading...

October 26, 2022 by matray

Integris Group announced Kirk C. Tweedy has joined the company as its chief operating officer. According to Integris, Tweedy has 32 years of insurance experience across multiple disciplines, product lines and distribution channels. Most recently, he held the position of chief operating officer at Berkley Small Business Solutions in Wilmington,… Continue reading...

October 18, 2022 by matray

AM Best has assigned a Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” to MMIC Risk Retention Group, Inc. (MMIC RRG). The outlook assigned to these Credit Ratings is stable. MMIC RRG is a sponsored risk retention group of Constellation, Inc., the parent company… Continue reading...

October 11, 2022 by matray

LAMMICO is celebrating 40 years of providing medical professional liability insurance coverage in 2022. Founded during a period when physicians across the nation were faced with a hard market crisis where many commercial insurance providers were unwilling to offer medical malpractice coverage or would offer it only at exorbitant rates.… Continue reading...

October 6, 2022 by matray

The 2022 Annual Rate Survey: This Won’t be Your Parents’ Hard Market Medical Liability Monitor mailed its Annual Rate Survey special issue to subscribers last week! This is medical malpractice insurance rate information you need to recognize premium trends and keep pace with the competition. Medical Liability Monitor’s Annual Rate… Continue reading...

October 5, 2022 by matray

The Doctors Company announced that it has now distributed more than $150 million in Tribute Plan awards to more than 12,000 member insureds. Tribute recognizes retiring doctors for their loyalty and commitment to superior patient care. To date, the highest award has been $264,808. The Doctors Company Board of Governors directs… Continue reading...

October 4, 2022 by matray

The physician and medical practice advisory firm Curi announced that the rating agency AM Best has affirmed the "A" (Excellent) rating for its insurance businesses for the 19th consecutive year, along with providing a long-term issuer credit rating of "a+" (Excellent). Curi Insurance provides medical professional liability insurance and alternative… Continue reading...

October 4, 2022 by matray

Bienville Surgery Center in Vancleave, Miss., received the LAMMICO 2021-2022 Patient Safety Award and Grant. This year, the honor focused on mitigating the effects of devastating events such as hurricanes, pandemics, terrorist attacks or situations in which practitioners may make medical errors. If a healthcare provider already has burnout, the combination… Continue reading...

September 9, 2022 by matray

Modest Slowdown in Premium Growth Distinguishes Second-Quarter Financial Results for MPL Specialty Insurers In our analysis of 2022’s first quarter (see MLM, July 2022), we discussed the increase in premium associated with MPL writers boosting rate levels in jurisdictions with poor underwriting results. This growth slowed modestly during the second… Continue reading...