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...

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...