March 2, 2020 by matray

Berxi, part of Berkshire Hathaway Specialty Insurance, recently announced that it has entered into a strategic alliance with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer medical malpractice insurance products to Vizient member allied health professionals through an enhanced digital experience. The agreement with Vizient, a member-driven… Continue reading...

February 28, 2020 by matray

The promise and potential risks of machine learning and other technology will be examined by experts at the 29th Healthcare Risk Management / Patient Safety Conference on Wednesday, March 11, at the New York Marriott Marquis. 2020 Healthcare Technology—Friend or Foe is hosted by Healthcare Risk Advisors (HRA), a business… Continue reading...

February 26, 2020 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of ProAssurance Group. The outlook of the FSR has been revised to stable from negative whilst the outlook for the… Continue reading...

February 26, 2020 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” for the members of NORCAL Group (NORCAL). Concurrently, AM Best has maintained the under review status on these Credit Ratings (ratings) and revised… Continue reading...

February 20, 2020 by matray

ProAssurance Corp. and NORCAL Group announced today the signing of a definitive agreement under which NORCAL would become a part of ProAssurance in a $450 million transaction following the demutualization of NORCAL Mutual Insurance Company (NORCAL Mutual), NORCAL's ultimate controlling party. The demutualization and the acquisition agreement are mutually contingent,… Continue reading...

February 19, 2020 by matray

Specialist insurer Beazley has enhanced its Virtual Care insurance policy in the United States to offer greater protection for the providers of technology-enabled healthcare and lifestyle management services. The rapidly growing global digital health market is estimated to reach a value of $504 billion by 2025 and includes telehealth, which… Continue reading...

February 19, 2020 by matray

COPIC 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 by matray

The 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 by matray

ProAssurance 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 by matray

The 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...