November 30, 2021 by matray

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

November 16, 2021 by matray

As specialist insurer Beazley moves to expand its Hospital Professional Liability portfolio in the United States, Joseph Washington has been appointed its underwriter for U.S. Healthcare, beginning his role on Monday, November 15, 2021. With more than 25 years of medical professional liability experience, gained at Berkshire Hathaway and Zurich,… Continue reading...

November 15, 2021 by matray

The Cooperative of American Physicians (CAP) today announced the upcoming retirement of CAP Physicians Insurance Agency president and chief executive officer Deidri (Dee) Hoppe. After 10 years of service to CAP members, Hoppe will retire at the end of December 2021. She will be succeeded by Michael Dyse, who is currently CAP… Continue reading...

November 15, 2021 by matray

Positive Physicians Insurance Co. announced today that Michael G. Roque has joined the medical professional liability insurer as its new president. Bringing more than 25 years’ experience in medical professional liability on both the broker and carrier sides of the industry, Roque most recently served as chief operating officer at… Continue reading...

November 8, 2021 by matray

AM Best has revised the outlook of the Long-Term Issuer Credit Ratings (Long-Term ICR) to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) of Kansas Medical Mutual Insurance Company, and its subsidiary, KAMMCO Casualty Company, Inc. These companies are referred… Continue reading...

September 21, 2021 by matray

Mutual Insurance Company of Arizona (MICA) announced yesterday that AM Best affirmed its Financial Strength Rating (FSR) of A (Excellent) with a stable outlook. AM Best also affirmed the FSR rating of the MICA Risk Retention Group, Inc., as A (Excellent), also with a stable outlook. “As a mutual insurance… Continue reading...

September 10, 2021 by matray

AM Best has removed the under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) for the members of NORCAL Group (NORCAL). The outlook of these Credit Ratings (ratings) is stable. (See below for… Continue reading...

September 8, 2021 by matray

The Board of Directors of ProAssurance Corp. has declared a cash dividend of $0.05 per common share, payable on Oct. 8, 2021, to shareholders who own our stock as of September 24, 2021. The ProAssurance dividend policy anticipates a total annual dividend of $0.20 per share, to be paid in equal… Continue reading...

August 16, 2021 by matray

The Insurance Marketing & Communications Association (IMCA) recently recognized The Doctors Company for providing comprehensive COVID-19 resources to healthcare professionals at the time it mattered most. At its 2021 National Virtual Conference, the IMCA honored The Doctors Company for making timely information available to all healthcare professionals through its website as well as… Continue reading...

August 12, 2021 by matray

LAMMICO recently honored St. Bernard Parish Hospital in Chalmette, Louisiana, with its 6th Annual LAMMICO Patient Safety Award and Grant for its work preventing catheter-associated urinary tract infections (CAUTIs). Urinary tract infections are one of the five most common types of healthcare-associated infections. CAUTIs have been associated with increased risks, increased morbidity, mortality, hospital… Continue reading...