Fitch Ratings Affirms ‘A’ Ratings, ‘Stable’ Outlook for The Doctors Company

June 18, 2018 by matray

Fitch Ratings has affirmed its “A” (Strong) Insurer Financial Strength (IFS) ratings for The Doctors Company and its wholly owned insurance subsidiaries. Fitch also announced that the rating outlook for all ratings is “Stable.” Fitch stated that the ratings are based on The Doctors Company’s historically strong profitability and underwriting… Continue reading...

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A.M. Best Affirms A (Excellent) Rating for Coverys Companies

June 8, 2018 by matray

A.M. Best announced it has affirmed the Financial Strength Rating of A (Excellent) for Medical Professional Mutual Insurance Co. (ProMutual) wholly owned subsidiaries, ProSelect Insurance Cos. (ProSelect), Preferred Professional Insurance Co. (PPIC), Coverys Specialty Insurance Co. (Coverys Specialty) and its sponsored risk retention group, Coverys RRG, Inc. In addition, Healthcare… Continue reading...

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LAMMICO CEO Thomas H. Grimstad, MD, Announces Planned 2019 Retirement

June 7, 2018 by matray

After more than 20 years with LAMMICO, Thomas H. Grimstad, MD, has announced his retirement as president and CEO effective March 1, 2019. The Board of Directors has elected LAMMICO’s current Board chairman, J. Michael Conerly, MD, to succeed Grimstad as president and CEO. Grimstad joined LAMMICO as a member… Continue reading...

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ISMIE Mutual Adds Washington, D.C., to Coverage Map

June 5, 2018 by matray

ISMIE Mutual Insurance Co. announced today that Washington, D.C., is the latest coverage territory in the medical professional liability insurance company's national expansion.  Recently granted admitted status by the District’s Department of Insurance, Securities & Banking (DISB), the company will offer wide-ranging medical liability coverage for health professionals, groups and… Continue reading...

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Financial Strength Rating Affirmation of Coverys Member Companies and Assigned Credit Rating to Healthcare Underwriters Group, Inc.

June 4, 2018 by matray

A.M. Best announced it has affirmed the Financial Strength Rating of A (Excellent) for Medical Professional Mutual Insurance Co. (ProMutual) wholly owned subsidiaries, ProSelect Insurance Cos. (ProSelect), Preferred Professional Insurance Co. (PPIC), Coverys Specialty Insurance Co. (Coverys Specialty) and its sponsored risk retention group, Coverys RRG, Inc.   In addition, Healthcare… Continue reading...

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KAMMCO Announces Unified Brand, Updated Website

June 1, 2018 by matray

Kansas-headquartered insurer of medical professional liability today announced a unified KAMMCO brand. KAMMCO and its subsidiaries will simply be referred to as KAMMCO, with exceptions being insurance policies, financial transactions/reporting or corporate legal matters where the full subsidiary name is most appropriate or required. The KAMMCO board recently evaluated what… Continue reading...

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Two Members Re-Elected to the NORCAL Mutual Board of Directors

June 1, 2018 by matray

The NORCAL Mutual Board of Directors held the Annual Meeting of Members on Thursday, May 31, in San Francisco. During the Annual Meeting, policyholder members re-elected Alice H. Gannon and M. Diane Koken to serve a three-year term until the Annual Meeting of Members to be held in 2021. The… Continue reading...

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Coverys’ Lisa Simm Awarded FASHRM Designation by American Society for Healthcare Risk Management

May 22, 2018 by matray

Coverys recently announced that Lisa Simm, manager, risk management for the Boston-headquartered insurer of medical liability is a recent recipient of the American Society for Healthcare Risk Management's Fellowship Award (FASHRM). This award recognizes outstanding individual achievement and professional excellence in healthcare risk management. To be eligible for FASHRM, fellows… Continue reading...

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Paul H. DeHaan, MD, Elected ISMIE Chairman; New Officers and Board Members Elected

May 21, 2018 by matray

ISMIE Mutual Insurance Co. recently announced the election of Paul H. DeHaan, MD, to be the medical professional liability insurance company's fourth chairman since the its founding in 1976. DeHaan, previously ISMIE vice chairman, had been acting chair of ISMIE since the passing of former chairman Harold L. Jensen, MD, in… Continue reading...

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CNA Appoints Bruce Dmytrow to Senior Vice President, Healthcare

May 17, 2018 by matray

CNA announced the appointment of Bruce Dmytrow to senior vice president, Healthcare. In this role, Dmytrow is responsible for the overall strategic leadership and direction of CNA's Healthcare underwriting unit. He reports to Kevin Smith, president and chief operating officer, CNA Specialty.   Dmytrow joined CNA in 1995, most recently serving… Continue reading...

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