February 24, 2021 by matray

The Doctors Company Foundation announced that it is accepting grant proposals through March 22, 2021, for innovative patient safety projects. Each year, the Foundation supports patient safety education for healthcare professionals and patient safety research with clinically useful applications by funding projects aimed at reducing or eliminating risk of adverse… Continue reading...

February 12, 2021 by matray

The Medical Professional Liability (MPL) Association, the international organization representing the MPL insurance community, has appointed Sue A. Crook, MD, Constellation/MMIC, Agustin Montalvo, SIMED, and Mark E. Reynolds, the Risk Management Foundation of the Harvard Medical Institutions, Inc. (CRICO), to serve on the Association’s Board of Directors. The new appointments… Continue reading...

January 19, 2021 by matray

TDC Group announced today that Robert E. White Jr. has been promoted to chief operating officer (COO), reporting to Richard E. Anderson, MD, FACP, chairman and CEO. In this role, White will oversee the operations of the four business units that make up TDC Group: The Doctors Company, Healthcare Risk… Continue reading...

January 12, 2021 by matray

MagMutual Insurance Co. announced it will be returning a 7% dividend to its policy owners again this year. This marks 22 years of dividends and more than $315 million in financial rewards returned to policy owners since the company’s inception. “As a true mutual, it is particularly at times like… Continue reading...

December 15, 2020 by matray

The Medical Professional Liability Association (MPL Association) president and CEO Brian K. Atchinson issued the following statement last night about the COVID-19 relief proposals that include liability protections for healthcare workers and facilities put forward earlier in the day by a bipartisan Congressional working group:   “With doctors, nurses, and other healthcare… Continue reading...

December 11, 2020 by matray

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a­-” of ISMIE Mutual Insurance Co. and ISMIE Indemnity Co. Both companies are domiciled in Chicago, IL. These Credit Ratings reflect ISMIE’s balance sheet strength,… Continue reading...

December 9, 2020 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-” of MLMIC Insurance Co. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MLMIC’s balance sheet strength, which AM Best categorizes as strongest, as well as… Continue reading...

December 8, 2020 by matray

AM Best  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 of… Continue reading...

December 8, 2020 by matray

The Cooperative of American Physicians (CAP) announced that its Mutual Protection Trust (MPT), the organization's core product, earned its fourteenth-consecutive A+ (Superior) Rating with a Stable Outlook from AM Best Co. “Given the turbulence that the COVID-19 pandemic has caused, especially on the medical community in California, physicians are now more… Continue reading...

December 3, 2020 by matray

The Board of Directors of ProAssurance Corp. has declared a cash dividend of $0.05 per common share, payable on Jan. 7, 2021, to shareholders who own its stock as of Dec. 22, 2020. For 2020, ProAssurance’s dividend policy anticipates a total annual dividend of $0.72 per share. On an annualized basis… Continue reading...