LAMMICO Celebrates 40 Years of Stability, Strength and Service
October 11, 2022by
LAMMICO is celebrating 40 years of providing medical professional liability insurance coverage in 2022.
Founded during a period when physicians across the nation were faced with a hard market crisis where many commercial insurance providers were unwilling to offer medical malpractice coverage or would offer it only at exorbitant rates. In direct response to the crisis, leadership of state medical societies throughout the country founded medical professional liability mutual insurance companies to bring affordability and stability to the insurance marketplace. The leadership of the Louisiana State Medical Society (LSMS) recommended the formation of Louisiana Medical Mutual Insurance Company (LAMMICO) in August 1981. LAMMICO, a mutual insurance company, issued its first policy effective Jan. 1, 1982.
In its 40 years, LAMMICO has grown from an idea in the minds of a progressive group of Louisiana physicians to a company that now insures more than 8,000 physicians, nurses, healthcare professionals, hospitals and facilities in seven states. LAMMICO is committed to providing unparalleled service to its policyholders while continuing to expand its insurance products and service territories to meet the needs of the regional healthcare industry.
In its early years, LAMMICO had only a handful of full-time employees. Today, the Company is proud to have 120 employees, most of whom are based out of LAMMICO’s Louisiana offices with some telecommuters located in other states.
LAMMICO’s commitment to its corporate social responsibility program is reflected in the support of medically-related charitable programs that serve areas where their employees live and work. The Company’s community development efforts are an extension of the enduring partnerships LAMMICO builds with its policyholders. These partnerships include support of and participation in the activities of the American Heart Association and the American Cancer Society, among others.
"We are extremely honored to have been an enduring partner to the healthcare community for the past 40 years, and we look forward to serving them for decades to come,” says J. Michael Conerly, MD, LAMMICO president and chief executive officer. “LAMMICO’s purpose is to protect those who care for others. As we celebrate our 40th anniversary, LAMMICO remains a strong and stable presence so that physicians and healthcare providers can focus on what matters most — patient care.”