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...

September 9, 2022 by matray

The board of directors of ProAssurance Corp. declared a cash dividend of $0.05 per common share, payable on October 13, 2022, to shareholders of record as of September 29, 2022. The ProAssurance dividend policy anticipates a total annual dividend of $0.20 per share, to be paid in equal quarterly installments.… Continue reading...

September 2, 2022 by matray

MedMal Direct Insurance Co. named Steven Carey its new vice president of claims, effective immediately. “Steven is an experienced claims professional with a strong desire to apply the strategies learned to defend our insureds working with our local defense counsel,” Marc D. Hammett, MedMal Direct president and CEO. “I have… Continue reading...

August 23, 2022 by matray

AM Best has affirmed The Doctors Company's financial strength rating (FSR) of A (Excellent) and its long-term issuer credit rating (ICR) of "a+". The outlook of these ratings is stable. These ratings apply to The Doctors Company, An Interinsurance Exchange, and its subsidiaries: TDC Specialty Insurance Company, TDC National Assurance… Continue reading...

August 16, 2022 by matray

Positive Physicians Holdings, the holding company of Positive Physicians Insurance Company and Positive Professionals Management LLC, promoted Brian Durkin to its chief financial officer position. Durkin will also continue to serve as treasurer. Mark Keyser had been serving as the company’s interim CFO and is expected to remain with the… Continue reading...

August 16, 2022 by matray

Mutual Insurance Company of Arizona (MICA) announced that Ed Marley will be the organization’s new president and chief executive officer, effective Sept. 1, 2022. As this new role, Marley will succeed James Carland, MD, who has led MICA as president and CEO since 1997 and as chairman of the MICA… Continue reading...

August 16, 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. The outlook assigned to these Credit Ratings is stable. MMIC RRG is a sponsored risk retention group of Constellation, Inc., the parent company of MMIC… Continue reading...

August 5, 2022 by matray

Pennsylvania General Assembly Debating Bill to Consider Constitutional Amendment Empowering it to Establish Venue Rules Certain members of the Pennsylvania General Assembly want unambiguous authority to set venue policy in the area of medical professional liability (MPL) lawsuit filings. To that end, state Rep. Rob W. Kaufmann recently introduced a… Continue reading...