Medmarc Insurance Group, Pharmacists Mutual Announce a Strategic Alliance to Package All-Lines Insurance Coverage for Life Sciences Companies
February 11, 2019
Feb 7, 2019--Medmarc Insurance Group, a subsidiary of ProAssurance Corp., and Pharmacists Mutual Group announced a strategic alliance to package industry-specific insurance coverages to the life sciences companies.
Insurance brokers who place their medical technology clients with Medmarc will now have access to Pharmacists Mutual for property, general liability, commercial auto, workers compensation, umbrella and employment practices liability policies through Hamilton Resources Corp., Medmarc’s in-house insurance agency.
"We are thrilled to enter into this relationship with Pharmacists Mutual," said Ned Rand, president, chief operating officer of ProAssurance and president of Medmarc. "Medmarc has focused for 40 years on providing products liability and manufacturers E&O insurance products and services to medical technology companies, and it is important for us to be aligned with a well-respected carrier such as Pharmacists Mutual to offer our brokers and insureds competitive commercial insurance products tailored to the life sciences industry.”
"We are very pleased to be celebrating Medmarc’s 40th Anniversary with the joint announcement of our alliance to provide a wide range of insurance products to Medmarc’s insureds," said Ed Yorty, Pharmacists Mutual president and CEO. "Pharmacists Mutual was founded over 100 years ago to offer insurance protection to members of the Iowa Pharmacy Association. We have since grown to become a leading national insurer dedicated to serving the needs of our members in selected healthcare markets. We look forward to providing Medmarc’s distribution partners and insureds with the same level of service and dedication they have come to expect from with Medmarc.”
“Both Medmarc and Pharmacists Mutual have long histories of creating insurance products and services that meet the unique needs of healthcare innovators and professionals dedicated to saving lives and improving the quality of life in local communities and around the world,” said Karen Murphy, the executive vice-president of Medmarc and head of life sciences for ProAssurance. “Through our new alliance, we will offer a broad array of tailored insurance coverages supported by dedicated teams of underwriting, claims and risk management professionals — providing innovative companies with innovative solutions.”
Brokers may obtain a proposal today at www.medmarc.com/apply or by calling 800.356.6886 ext. 1360.
NORCAL Group Foundation Awards Nine Grants Focused on Improving Health & Wellness
February 7, 2019
The NORCAL Group Foundation, dedicated to improving healthcare in local communities, announced its largest group of grant recipients to date. Nine organizations have been awarded funding for initiatives and programs focused on patient care, patient safety and physician wellness:
• Anchorage Project Access (Anchorage, AK)
• Beacon Clinic for Health and Hope (Harrisburg, PA)
• Champions for Health (San Diego, CA)
• Foundation of the Pennsylvania Medical Society (Harrisburg, PA)
• Fresno Madera Medical Society – Joy of Medicine (Fresno, CA)
• Pediatric and Family Medical Center (Los Angeles, CA)
• Ravenswood Family Health Center (East Palo Alto, CA)
• Sacramento El Dorado Medical Society: Community Service, Education and Research Fund
• Sierra Community Medical Foundation (Rocklin, CA)
“This grant cycle we were pleased to support several organizations that are developing and implementing programs to address physician burnout, as this issue continues to be a growing concern within the medical community,” said Julie Burns, president of the NORCAL Group Foundation. “We’re also delighted to be able to assist several groups providing healthcare services to low-income and underserved members of the community, and we are impressed with the work that they’re doing.”
The NORCAL Group Foundation has supported 15 programs in five states since its inception and is working continually to expand its reach.
The next grant cycle opens March 1. Interested applicants should visit www.norcalgroupfoundation.org for information and application requirements.
MedMal Direct Announces Appointment of Melodee Dixon as President and CEO
February 1, 2019
Jacksonville-based MedMal Direct Insurance Co. announced the appointment of Melodee Dixon as president and chief executive officer. Butler Ball, MedMal Direct's founding president and CEO, will continue to serve as the CEO of Physicians Trust, Inc., MedMal Direct's parent company. Ball will also continue to sit on the board of directors of MedMal Direct.
Dixon has more than 30 years of insurance operations experience exclusively in the medical professional liability sector. She has served as MedMal Direct's chief operating officer since December 2016. Prior to joining MedMal Direct, she held executive roles for various insurance carriers and managing general agencies.
"Melodee's experience and dynamic leadership style will serve the company well as we approach our second decade of providing physicians with direct access to quality medical malpractice coverage," said Ball. "I look forward to supporting her in this exciting new chapter of MedMal Direct's growth and success."
According to the company, Dixon's appointment as CEO aligns with the evolution of MedMal Direct's leadership team to support a focus on innovation, technology and direct relationships with physician insureds. Other recent appointments to the company's executive leadership team include Marc Hammett, an industry veteran who was appointed chief financial officer in July 2017, and Bryan Carter, who joined the company as senior vice president of sales and marketing in November 2018 with more than 25 years in sales and operational leadership experience.
Melodee Dixon, President and CEO of MedMal Direct Insurance Company
"This marks a fantastic milestone for our company; one that has been years in planning and about which I am thrilled. We have positioned ourselves for our next phase of growth with the management team we now have in place. Their experience and technical expertise will bolster our work toward scaling the business and taking it to the next level," Ball said.