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...

August 21, 2019 by matray

The Doctors Company announced the appointment of David L. Feldman, MD, MBA, CPE, FAAPL, FACS, as chief medical officer (CMO) of The Doctors Company Group. In this new role, Feldman will lead the group’s education efforts in — and be the primary spokesperson for — trends and issues on patient… Continue reading...

August 20, 2019 by matray

Pinnacle Actuarial Resources announced that Ken Hawkins, ACAS, MAAA, has joined Pinnacle as a consulting actuary in the firm’s Bloomington, Ill., home office. Hawkins returns to Pinnacle after three years of leading pricing and rate implementation for a regional property/casualty insurer’s commercial lines products. “We are very pleased to welcome… Continue reading...

August 8, 2019 by matray

Abstract: http://annals.org/aim/article/doi/10.7326/M19-2441 The American College of Physicians (ACP) and the nation’s leading physician and public health organizations called for policies to reduce firearms-related injuries and deaths in the U.S. in a new call-to-action, “Firearm-Related Injury and Death in the United States: A Call to Action from the Nation’s Leading Physician… Continue reading...

August 1, 2019 by matray

The Doctors Company has completed the purchase of Hospitals Insurance Company (HIC), a New York State admitted and licensed insurance company, and FOJP Service Corp., a New York service organization that provides third-party comprehensive insurance and risk management advisory services to HIC-insured hospitals. The purchase price is $650 million, subject… Continue reading...