January 26, 2024 by matray

Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency helping medical professionals manage a range of risks and liabilities. Terms of the deal were not disclosed. Founded in 1989 and licensed in 36 states, PRA… Continue reading...

January 25, 2024 by matray

EmPRO Insurance Co., a subsidiary of Physicians’ Reciprocal Insurers, announced today the opening of its first office in New Jersey, marking a significant milestone in the company’s strategic expansion plan throughout the Northeast. This new venture, based in Hamilton, N.J., is guided by Brian Kriger, EmPRO’s newly appointed vice president… Continue reading...

January 22, 2024 by matray

Alera Group, an independent national insurance and financial services firm, announced the acquisition of Florida-based CLS Healthcare Liability Specialists (CLS). With more than 25 years of experience, CLS serves the medical community as an independent agency specializing in creative medical malpractice insurance solutions for physicians, surgeons, hospitals, locum tenens firms,… Continue reading...

January 9, 2024 by matray

In partnership with UpToDate, a clinical decision support tool, MagMutual Insurance Co. is now providing its proprietary risk management advice to physicians at the point of care. When a MagMutual policyholder searches on specific conditions in UpToDate, the website will offer information about actions and care strategies to reduce the… Continue reading...

December 15, 2023 by matray

The California Medical Association (CMA), representing nearly 50,000 physicians, has chosen The Doctors Company as its exclusive medical professional liability insurance company (MPLI) corporate sponsor. "We are honored to be the exclusive MPLI corporate sponsor of the California Medical Association. We are steadfastly committed to supporting the medical profession in California and… Continue reading...

December 12, 2023 by matray

Below are some headlines and article synopses from the December 2023 issue of Medical Liability Monitor. To read the articles in entirety, please subscribe today. Meet Indigo, the Company Looking to Modernize MPL Insurance Indigo — the new medical professional liability (MPL) insurance platform utilizing artificial intelligence, expanded data and… Continue reading...

December 5, 2023 by matray

NOW Insurance, a full-stack, AI-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group clients. According to NOW, the platform utilizes a state-of-the-art underwriting… Continue reading...

November 30, 2023 by matray

A.M. Best has affirmed BETA Healthcare Group’s financial strength rating of “A” (Excellent) with a stable outlook. This year’s rating continues to reflect BETA’s strong balance sheet, historically positive operating performance, proactive enterprise risk management program overseen by senior management with participation from the BETA Council and sound business profile… Continue reading...

November 16, 2023 by matray

The Horton Group announce the acquisition of Physician’s Armor Insurance Services. PAIS insures physician practices in Florida, Georgia, Alabama, Tennessee, Mississippi, Texas, Oklahoma, Kentucky, Indiana, Illinois and Michigan. Horton’s Healthcare Practice currently insures more than 3,000 medical professionals, hospitals and related healthcare entities across the United States. PAIS was formed by… Continue reading...

November 16, 2023 by matray

Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business Coverys Insurance Services. Terms of the transaction were not disclosed. Headquartered in East Lansing, Mich., Coverys Insurance Services is a full-service insurance broker specializing in medical professional liability for healthcare clients throughout Michigan. The… Continue reading...