December 5, 2019 by matray

Hub International Ltd. announced that it has acquired SilverStone Group. Terms of the transaction were not disclosed. With SilverStone, the company creates a new regional hub to be called Hub Great Plains, which will include and cover existing operations in Omaha, Neb.; Sioux Falls, S.D.; and St. Paul, Minn. Headquartered… Continue reading...

December 2, 2019 by matray

The ISMIE Mutual Insurance Company is pleased to announce the completion of a merger with the Southeast Michigan Physicians’ Insurance Company (SEMPIC) after receiving all required regulatory approvals. SEMPIC has been providing comprehensive medical professional liability insurance for Detroit Medical Center (DMC) physicians for more than 10 years with high-quality risk management… Continue reading...

November 26, 2019 by matray

The Cooperative of American Physicians, Inc. (CAP) today announced that the Mutual Protection Trust (MPT), the organization’s core product, has again earned an A+ (Superior) Rating with a Stable Outlook from A.M. Best Company, a global full-service credit rating agency dedicated to serving the financial and healthcare service industries. This… Continue reading...

November 20, 2019 by matray

The Doctors Company announced today the promotion of longtime company executive Marco Vanderlaan to chief financial officer (CFO) and chief risk officer. Vanderlaan has held a variety of senior leadership positions with The Doctors Company over 18 years. He most recently served as senior vice president, business assessment, a role… Continue reading...

November 20, 2019 by matray

CMIC Group announced that Edmund Schiavoni, MD, has joined the CMIC Board of Directors. Since 2014, Schiavoni has served on the CMIC RRG Board of Directors and was elected president and chairman of the CMIC RRG Board in 2017. Schiavoni received his medical degree from the Georgetown University and has… Continue reading...

November 11, 2019 by matray

The American College of Surgeons National Surgical Quality Improvement Program (ACS NSQIP) has recognized 88 of an eligible 592 hospitals participating in the adult program for achieving meritorious outcomes for surgical patient care in 2018. ACS NSQIP participating hospitals are required to track the outcomes of inpatient and outpatient surgical… Continue reading...

November 5, 2019 by matray

Hub International Limited announced today that it has acquired the medical professional liability and associated property and casualty lines of insurance brokerage business of Newsura Insurance Services, Inc. Terms of the transaction were not disclosed. Located in Roseville, Calif., Newsura provides insurance and risk management services to the healthcare industry,… Continue reading...

October 29, 2019 by matray

CMIC Group announced that Scott Serels, MD, has joined the CMIC Board of Directors. Serels received his medical degree from the New York University School of Medicine where he was also the recipient of the Samuel Soifer Memorial Award. He completed his urologic residency at Albert Einstein College of Medicine… Continue reading...

October 22, 2019 by matray

In its 2019 Annual Rate Survey issue (MLM, October 2019), Medical Liability Monitor published incorrect 2018 rate data for Physicians’ Reciprocal Insurers (PRI) in New York. While the 2019 mature, base-rate premiums were correct, the company's published “percentage of change” between years was distorted by the 2018 rates. Between 2018 and… Continue reading...

October 17, 2019 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bbb+” from “a-” of Kansas Medical Mutual Insurance Company, and its subsidiary, KAMMCO Casualty Company, Inc. These companies are referred to collectively as Kansas Medical Mutual… Continue reading...