April 25, 2019 by matray

The Medical Professional Liability (MPL) Association will recognize Gloria Everett, president and CEO of The Mutual, as the recipient of the 2019 Award of Excellence in Honor of Peter Sweetland. The award will be presented on Thursday, May 16, at the 2019 MPL Association Conference in Portland, Ore. Everett is being honored for her singular contributions and longtime dedication to the MPL insurance community, the MPL Association and healthcare professionals. The MPL Association is the international organization representing the medical professional liability insurance community.

Everett, president and CEO of The Mutual, is an insurance executive who has spent more than 30 years representing the interests of the medical professional liability community through her leadership in the industry. She attended her first MPL Association (formerly, PIAA) meeting in 1987, where she had the honor and privilege of meeting Peter Sweetland. For decades she has championed the heart and soul of the industry to advocate, educate and defend physicians and the healthcare team to improve access to quality healthcare across the country.

In 2017 Everett completed a nine-year term on the MPL Association Board of Directors, as a member and also as its first chairwoman. She served on the CEO & COO Section, Leadership Camp Section and the Strategic Planning Committees.

As the president and CEO of The Mutual for the past 17 years, she has also served on numerous boards, including Insurance Industry Charitable Foundation; National Risk Retention Association; and the University of California, Berkeley Equity & Inclusion Advisory Board. Everett currently serves on the Pacific University Board of Trustees.

“Gloria Everett is a tenacious pathfinder. She was the first woman chair of the then PIAA, she initiated a Board Assessment which masterfully guided the association to expanding its value proposition across the industry, she brought consensus about our future while still honoring the history of our mission. Her seminal work laid the platform for long-term success of the now MPL Association,” said Mary-Lou Misrahy, ARM, chair of the MPL Association, and president and CEO of Physicians Insurance A Mutual Company. “Her work in support of physicians, other healthcare professionals and the MPL community has been exceptional. We are honored to present her with our highest award and thank her for her dedication and commitment.”

“We are extremely pleased to honor Gloria for her extraordinary dedication and commitment to the physician community and this Association,” said Brian K. Atchinson, president and CEO of the MPL Association. “We commend Gloria for her remarkable commitment of time and energy for many years in support of this organization and its members.”

The MPL Association Award of Excellence in Honor of Peter Sweetland, established in 1993 by MPL Association’s Board of Directors, was created in honor of the late Peter Sweetland, one of the MPL Association’s (then, PIAA) chief architects and most fervent supporters. The award recognizes an individual who has provided exemplary service to the industry and to the MPL Association, and who epitomizes the high ideals and ethics for which Peter Sweetland stood.

April 22, 2019 by matray

MagMutual Insurance Co. announced up to 12-percent premium return to policy owners as well as flexible options for its dividend and Owners Circle reward programs. Since inception MagMutual policyholders have received $255 million in dividends.

“MagMutual consistently gives back to our policyholders. When we do well, it is our policyholders who should benefit first. Over the last seven years, our success at retaining policyholders and growing, has allowed us to pay more dividends than in the previous 30 years,” said Joe Wilson, MD, executive chairman of MagMutual.

Policy owners can choose to take more Owners Circle in lieu of their dividend. A 20-percent Owners Circle allocation has been declared to acknowledge policyholders’ ownership in a financially strong company.

“For some policy owners the retirement benefits of Owners Circle are more attractive, for others a cash dividend today makes more sense. It’s their company, they get to choose,” said Neil Morrell, president and CEO of MagMutual.

April 9, 2019 by matray

A.M. Best affirmed a rating of “A” (Excellent) for NORCAL Group, and the ratings outlook continues to be “stable.” (NORCAL Group includes NORCAL Mutual Insurance Company and its affiliated insurance companies.) According to Best, the rating reflects NORCAL Group’s solid balance sheet, including its strong level of capitalization, improvements in operating and underwriting performance, experienced management team, and the successful execution of its growth strategy.

“For the 36th consecutive year, we have been recognized by A.M. Best with an ‘A’ (Excellent) rating for our stability and financial strength,” said NORCAL Group chief financial officer Mark Johnson. “We will continue to operate using the core principles of sound underwriting, strong claims practices and effective risk management, while also continuing to build on operational efficiencies. We look forward to continuing to build on our already solid foundation and business profile as a leading provider of medical professional liability insurance.”

NORCAL Group provides medical professional liability insurance, risk management solutions, and provider wellness resources to physicians, healthcare extenders, medical groups, hospitals, community clinics and allied healthcare facilities throughout the country.

April 8, 2019 by matray

ProAssurance Corp. provided details of a revised management structure for its newly formed Specialty P&C operating division, which comprises all of ProAssurance's professional and product liability operations. As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May 13, 2019. Industry veteran Robert D. Francis will rejoin ProAssurance as executive vice president, Underwriting and Operations, for the Healthcare Professional Liability operation within the Specialty P&C division.

Francis most recently served as the chief operating officer of The Doctor’s Company and was previously employed at ProAssurance for 20 years, during which time he held a number of positions including chief underwriting officer. He will report to Boguski and will oversee Healthcare Professional Liability underwriting and operations.

“Rob is a proven industry leader with an excellent track record and deep expertise in the healthcare professional liability space,” Boguski said. “He brings a wealth of talent and executive experience to ProAssurance and will be an invaluable asset as we continue to build the Specialty P&C operation into the future.”

Boguski also announced other key executive leadership roles in Specialty P&C that will report to him. Within healthcare professional liability, senior vice president and chief marketing officer Jeffrey L. Bowlby as well as Darryl K. Thomas, chief claims officer, will continue to lead healthcare professional sales and marketing as well as claims, respectively. PICA, ProAssurance’s podiatric and chiropractic insurance subsidiary, will continue to operate under the leadership of its president and chief medical officer, Ross E. Taubman, DPM, and Karen M. Murphy will continue to lead Medmarc, ProAssurance’s product liability subsidiary, serving the life sciences and medical device industry, as executive vice president. All will report directly to Boguski.

“ProAssurance is a recognized leader in the Specialty P&C insurance business as a result of the committed leadership of our executives, and the disciplined execution of the company business plan by our dedicated employees,” said Edward L. Rand, Jr., ProAssurance’s president and chief operating officer. “I am confident that the executive team Mike has assembled will enhance the level of superior service we deliver to our distribution partners and policyholders as we fulfill our brand promise of Treated Fairly.”

April 5, 2019 by matray

The Doctors Company has declared a 2019 premium dividend of approximately $10 million, bringing the total amount paid out in dividends to more than $425 million.

“We are proud to once again reward our members with a strong dividend,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “The doctors we insure are members, not policyholders. And dividends are a cornerstone of our mission to advance, protect, and reward the practice of good medicine.”

Dividends of up to 15 percent were approved by The Doctors Company Board of Governors for eligible members in the following states: Colorado, Idaho, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Virginia, Washington and Wyoming.

Members of the American Academy of Otolaryngology—Head and Neck Surgery and the American Society of Plastic Surgeons may also receive a dividend.

Eligible members will receive this year’s dividend on their annual premium for policy renewals on or after July 1, 2019.

April 3, 2019 by matray

ISMIE Mutual Insurance Co. announced new affinity program partnerships with the Iowa Osteopathic Medical Association (IOMA) and the Ohio Osteopathic Association (OOA). Through the program, IOMA and OOA members will receive access to ISMIE’s risk management program, discount credits and other benefits that come with ISMIE coverage. Physicians coming out of residency will be eligible for special discounted coverage.

“We are very pleased to begin our newest affinity partnerships with osteopaths in Iowa and Ohio,” said ISMIE chairman Paul H. DeHaan, MD. “With this announcement, ISMIE now has agreements with four state osteopathic associations. We find that ISMIE’s comprehensive approach to providing medical professional liability coverage aligns nicely with how DOs approach patient care.”

April 3, 2019 by matray

The Doctors Company has appointed Ellen H. Masterson, MBA, CPA, to its Board of Governors.

Masterson has served as a senior partner at PricewaterhouseCoopers LLP (PwC), where she held both U.S. and global leadership roles and worked with business leaders throughout the PwC network of firms in 144 countries, following many years working with clients in both the insurance and healthcare industries. She also served as senior vice president and chief financial officer of American General Corporation, a Fortune 200 financial services company.

"We are pleased to welcome Ellen Masterson to our Board of Governors," said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. "Her experience with world-class professional and financial services companies will assist us in continuing to be a financially strong company that protects our members now and in the future. She joins an accomplished, distinguished group of professionals who are passionate about advancing, protecting, and rewarding the practice of good medicine."

"I am excited to join this group of outstanding leaders from the medical and business communities in support of Dr. Anderson and the management team of The Doctors Company," said Masterson. "The promotion of quality healthcare and exceptional financial risk management are both critical to further the mission of the company."

Masterson earned a bachelor's degree in mathematics from Emory University and an MBA from the Edwin L. Cox School of Business, Southern Methodist University. She is a board member of Westwood Holdings Group, Westwood Trust, and Insperity, Inc. She serves on the Audit and Finance Committees at The Doctors Company.