March 7, 2022 by matray

MedMal Direct Insurance Co. named Marc D. Hammett its new president and chief executive officer, effective March 2, 2022. Hammett succeeds Melodee S. Dixon, who is stepping down to spend more time with family. According to MedMal Direct, Hammett is assuming the CEO role at a critical time, following the firm's 14% year-over-year… Continue reading...

February 7, 2022 by matray

The just-published February 2022 issue of Medical Liability Monitor features the following articles and more. Click here to subscribe today: N.Y. Executive Budget Proposal Would Cut Judgment Interest Rate, Alter How State’s Excess Insurance Program Is Funded New York Gov. Kathy Hochul unveiled her 2022-2023 Executive Budget last month, which includes… Continue reading...

February 2, 2022 by matray

MagMutual Insurance Co. announced today that it will return a 5% dividend to its policy owners this year. According to the company, this payment marks 23 years of dividends and more than $340 million in financial rewards returned to policyholders since inception. "Despite challenging circumstances, MagMutual has been on an exciting trajectory, with the… Continue reading...

February 1, 2022 by matray

The New York County Medical Society (NYCMS) today announced it has again chosen The Doctors Company to be the exclusively endorsed medical liability insurer for its members. “The Doctors Company is the ideal choice for our endorsement, as they are founded and led by physicians and owned by members,” said Keith… Continue reading...

January 21, 2022 by matray

Alera Group, an independent, national insurance and wealth services firm, announced the acquisition of Heritage Risk Management, a network of independent risk management agencies that serve clients throughout Texas, Oklahoma, Colorado and New Mexico. “At Heritage Risk Management, our independent agencies are able to stay close to clients and deliver… Continue reading...

January 18, 2022 by matray

The Mutual Insurance Company of Arizona (MICA) recently announced $17 million in dividends to be allocated among active policyholders as of Dec. 31, 2021. According to MICA, the dividend derives from a combination of favorable claims experience and strong investment performance. “As a physician-owned and directed mutual insurance company, MICA is able to… Continue reading...

January 14, 2022 by matray

PLUS, a non-profit organization offering professional liability educational programs, networking events, educational products and information, announced a new membership model starting in 2022 that will allow all professionals in the professional liability industry to join PLUS association at no cost. The move expanded PLUS membership from 6,000 to more than… Continue reading...

January 11, 2022 by matray

CMIC RRG announced the appointment of Stratton Danes, MD, to its Board of Directors. “Dr. Danes brings a wealth of knowledge and expertise to our Board of Directors,” said Stephen J. Gallant, CMIC RRG chief executive officer. “With his input, we look forward to expanding and enhancing our coverage and… Continue reading...

January 11, 2022 by matray

Integris Group announced today the appointment of Victoria Reyes, MD, to its Board of Directors. “Dr. Reyes is an experienced and well-respected physician whose expertise will benefit our Board of Directors,” said Stephen J. Gallant, Integris Group chief executive officer. “Her leadership and insights will support our continued growth as… Continue reading...

January 7, 2022 by matray

The just-published February 2022 issue of Medical Liability Monitor features the following articles and more. Click here to subscribe today: Swiss Re Attributes Social Inflation to Third-Party Litigation Funding, Calls for Federal Regulation of $17 Billion Industry A new report from Swiss Re warns third-party litigation funding (TPLF) and the… Continue reading...