October 10, 2019 by matray

Constellation announced a strategic collaboration with the Baldrige Performance Excellence Program, the Baldrige Foundation and the Alliance for Performance Excellence, which have a common mission of defining, recognizing and fostering excellence in healthcare, education, business, government and nonprofits. Since 1988, the Baldrige Award, which carries the presidential seal, has been… Continue reading...

October 10, 2019 by matray

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Connecticut Medical Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, CMIC Risk Retention Group… Continue reading...

October 7, 2019 by matray

ISMIE Mutual Insurance Co. announced a new affinity program partnership with the Association of Independent Doctors (AID). This national program is open to all AID members in good standing. When they choose ISMIE for their medical liability coverage, AID members receive a 10-percent premium discount and gain access to ISMIE's… Continue reading...

October 4, 2019 by matray

Acadia Professional, a medical professional liability insurance agency, announced the acquisition of Toro Risk Consulting Group, a healthcare consulting firm that primarily works with emerging companies to support providers in value-based care programs. “Traditional medical malpractice risk can no longer be viewed in a silo. Toro brings a deeper understanding… Continue reading...

October 2, 2019 by matray

According to just-released data from the 2019 Medical Liability Monitor Annual Rate Survey, for the first time since 2006, more than 25 percent of medical professional liability (MPL) premium rates increased, while for a second consecutive year, only 5 percent of rates decreased. These firming rates indicate a turn from… Continue reading...

September 26, 2019 by matray

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of certain members of the ProAssurance Group. Concurrently, AM Best has upgraded the FSR to A+ (Superior) from A (Excellent) and… Continue reading...

September 11, 2019 by matray

CMIC Group announced that Michael G. Roque has joined the CMIC Group team as the new Chief Operating Officer. Roque has more than 20 years of experience in medical professional liability, working on both the broker and carrier sides. Most recently, he served as vice president of Business Development at… Continue reading...

September 5, 2019 by matray

The Board of Directors of ProAssurance Corp. has declared a cash dividend of $0.31 per common share, payable on Oct. 11, 2019, to shareholders who own our stock as of Sept. 27, 2019. The company's dividend policy anticipates a total annual dividend of $1.24 per share, to be paid in… Continue reading...

August 29, 2019 by matray

The Kansas Department of Insurance has issued the following news release: On Aug. 20, 2019, the Shawnee County District Court in Topeka, Kan., signed an order placing Physicians Standard Insurance Co. (PSIC) in rehabilitation under the supervision of the Kansas Insurance Department. The Order of Rehabilitation (Order) was entered with… Continue reading...

August 27, 2019 by matray

ProAssurance Corp. president and chief executive officer Edward L. Rand, Jr., will discuss the medical professional liability insurance company’s recently reported results, current market trends and long-term strategy during a question and answer session with investors at the Keefe, Bruyette & Woods 2019 Insurance Conference on Thursday, Sept. 5, 2019,… Continue reading...