September 13, 2017 by matray

Due to the severe impact and debilitating effects of Hurricane Irma, NORCAL Mutual Insurance Company is providing premium payment relief to all policyholders throughout Florida and Georgia. NORCAL will extend premium payment due dates for those impacted by Hurricane Irma until November 1 to ensure policyholders are able to work… Continue reading...

September 8, 2017 by matray

A.M. Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” of Kansas Medical Mutual Insurance Company (KaMMCO) (Topeka, KS). The outlook of these Credit Ratings (ratings) has been revised to negative from stable. In addition,… Continue reading...

September 6, 2017 by matray

Coverys and Global Insurance Management Company, Inc. (GIMC), a provider of medical professional liability insurance, announced today that they have entered into a definitive merger agreement pursuant to which Coverys’ ProMutual Group will acquire GIMC. GIMC and the predecessors to its insurance subsidiary, Healthcare Underwriters Group, Inc., were founded by… Continue reading...

September 6, 2017 by matray

ProAssurance Corp. today announced the establishment of the ProAssurance Endowed Chair for Physician Wellness at the University of Alabama at Birmingham. This academic chair is the first of its kind in the United States. The initial $1.5 million gift to the UAB School of Medicine will endow an academic chair… Continue reading...

August 31, 2017 by matray

NORCAL Mutual Insurance Company will begin offering medical professional liability insurance in Nebraska, beginning September 1. This is the latest in NORCAL’s national expansion, which now reaches 38 states, including the District of Columbia. NORCAL Mutual and its subsidiaries insure more than 27,000 physicians nationwide and offer exclusive continuing medical… Continue reading...

August 9, 2017 by matray

Today, ISMIE Mutual Insurance Company and ISMIE Indemnity announced entry into Pennsylvania. The companies will offer occurrence and claims-made medical liability coverage for individual health professionals, groups and healthcare facilities. “We are excited that Pennsylvania providers will now be able to access our medical liability coverage,” said ISMIE vice vhairman… Continue reading...

July 18, 2017 by matray

A.M. Best recently affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of the members of MedPro Group. These Credit Ratings (ratings) apply to The Medical Protective Company (Fort Wayne, IN), its affiliates, Princeton Insurance Company (Princeton, NJ), PLICO, Inc. (Oklahoma City, OK), Commercial Casualty Insurance Company (Fort Wayne, IN) and Atlanta International Insurance Company (Flushing,… Continue reading...

July 11, 2017 by matray

CMIC, a mutual medical professional liability insurance company, announced that Stephen J. Gallant of Glastonbury, Conn., has joined the CMIC Group team as its new Chief Operating Officer. Mr. Gallant has more than 20 years of experience in the insurance industry. Most recently, he served as Senior Vice President of MMG Insurance Company, a property… Continue reading...

July 11, 2017 by matray

CMIC, a mutual medical professional liability insurance company, announced today that Michael Conneely, CPA of Wethersfield, Conn., has joined the CMIC Group team as its new Director of Finance. Mr. Conneely has more than 25 years of business and accounting experience, including 17 years in the insurance industry. He spent the most recent 14… Continue reading...

June 30, 2017 by matray

On June 28, the U.S. House of Represen-tatives voted 218 to 210 in favor of House Resolution 1215, the Protecting Access to Care Act, which would cap noneconomic damages in medical liability lawsuits at $250,000, among other provisions. The Protecting Access to Care Act models the reforms found in California’s… Continue reading...