February 19, 2020
byCOPIC announced that five members of the company’s management team were recently promoted to Senior Vice President positions. The promotions include the following people: • Kristin Stepien—Senior Vice President, Sales and Business Development • Janel Loud-Mahany—Senior Vice President, Underwriting and Policyholder Services • Beverly… Continue reading...
January 29, 2020
byThe Doctors Company announced the promotion of Robert E. White, Jr., to executive vice president, medical professional liability (MPL). White most recently served as the company's lead regional operating officer and previously held the position of regional operating officer of The Doctors Company's Southeast region. In this new role, White… Continue reading...
January 22, 2020
byProAssurance Corp. today reported a preliminary estimate of $37 million of adverse development in our prior accident year loss reserves in the fourth quarter of 2019 in our Specialty Property & Casualty segment. This adverse development is in response to deteriorating loss experience, driven by a large national healthcare account… Continue reading...
January 22, 2020
byThe Hilb Group announced the acquisition of New York-based BR Vital Brokerage. The transaction became effective January 1, 2020. Based in Brooklyn, New York, BR Vital Brokerage is an independent brokerage primarily providing property and casualty insurance with a specialty in providing liability coverage to medical professionals. Steven Bykovsky, owner… Continue reading...
January 13, 2020
byCoverys, a provider of medical professional liability insurance, announced the formal launch of Coverys European Holdings Limited (CEH), an agency platform and network that will invest in and collaborate with managing general agencies in Continental Europe and the United Kingdom (UK), specializing in the professional lines sector. CEH will be… Continue reading...
January 8, 2020
byCMIC Group announced that Michelle M. Ursini, previously the director of business development and marketing, has been promoted to the role of vice president of business development and marketing. Additionally, Garrett P. Cronin, previously the director of member services and underwriting, has been promoted to the role of vice president… Continue reading...
December 18, 2019
byThe Physicians Protector Plan (a division of B&B Protector Plans, Inc.) is now writing medical professional liability coverage for physicians in the state of Texas. Underwritten by Aspen American Insurance Co., the Physicians Protector Plan offers two unique insurance products designed specifically for today's physician practice. PracticePRO is a medical… Continue reading...
December 17, 2019
byAM 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 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 categorizes… Continue reading...
December 10, 2019
byA.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of the members of NORCAL Group (NORCAL). (See below for a detailed listing of the companies.) The under review status follows NORCAL’s third-quarter 2019 results, which… Continue reading...
December 10, 2019
byThe Board of Directors of ProAssurance Corp. declared a cash dividend of $0.31 per common share, payable on Jan. 14, 2020, to shareholders who own our stock as of Dec. 27, 2019. “The dividend declared today reflects our ongoing commitment to our customers and shareholders,” said Edward L. Rand, Jr.,… Continue reading...