January 31, 2025 by matray

The Cooperative of American Physicians, Inc. (CAP) announced that AM Best has reaffirmed its A+ (Superior) rating for the Mutual Protection Trust (MPT). MPT provides medical malpractice coverage to 13,000 physicians, making it California’s second-largest provider of medical professional liability coverage. Since 2006, MPT has earned AM Best’s A+ (Superior)… Continue reading...

January 30, 2025 by matray

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MLMIC Insurance Company (MLMIC) (Albany, NY). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MLMIC’s balance sheet strength, which AM Best assesses as strongest, as… Continue reading...

January 15, 2025 by matray

RedRay MGA Pte. Ltd. (RedRay), a Managing General Agent (MGA), announced its appointment as the exclusive underwriting agent for Everest International Reinsurance Limited, Singapore Branch (EIS) for Medical Malpractice Liability Insurance and associated coverages in Asia. EIS has obtained the relevant regulatory approval to appoint RedRay as its underwriting agent… Continue reading...

January 6, 2025 by matray

Below are some headlines and article synopses from the January 2025 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. New York Gov. Hochul Vetoes Grieving Families Act for Third Time The 2024 session of the New York State Legislature was like déjà vu… Continue reading...

January 2, 2025 by matray

Mutual Insurance Co. of Arizona (MICA) today announced that its Board of Trustees has declared a policyholder dividend of $16 million. The dividend will be allocated among participating policyholders who are current members as of Dec. 31, 2024, the record date. “As a mutual insurer, our member-policyholders are at the heart… Continue reading...

December 12, 2024 by matray

Below are some headlines and article synopses from the December 2024 issue of Medical Liability Monitor. To read the articles in their entirety, please subscribe today. How the 2024 Elections Could Affect the MPL Insurance Industry Elections have consequences. And with the 2024 U.S. election cycle in the American rearview mirror,… Continue reading...

December 6, 2024 by matray

MagMutual Insurance Co. announced that its chief medical officer Tanner Colegrove, MD, will present current research on maternal mortality in the U.S. during the American College of Obstetricians & Gynecologists (ACOG) West Virginia Section Meeting, December 6 - 8 at the Greenbrier in White Sulphur Springs. Colegrove will discuss findings… Continue reading...

December 3, 2024 by matray

AM Best affirmed BETA Healthcare Group’s financial strength rating of “A” (Excellent) with a stable outlook. BETA is a provider of hospital professional liability and the medical professional liability. Best noted several key aspects of BETA’s operations that contributed to its rating: • Strongest level of risk-adjusted capitalization as measured… Continue reading...

November 13, 2024 by matray

Admiral Insurance Group, a Berkley Company providing wholesale-dedicated excess and surplus (E&S) lines commercial insurance, announced the company will be adding virtual care to its primary and excess professional liability products. The rapidly evolving field of specialized technology services and products designed to assist healthcare providers has created a gap… Continue reading...

November 12, 2024 by matray

Preverity, a provider of risk management and patient safety solutions for the healthcare industry, announced today that its wholly owned subsidiary, Preverity PSO, has been listed as a Patient Safety Organization (PSO) by the Agency for Healthcare Research and Quality, effective September 6, 2024. PSOs, established by the Patient Safety and Quality… Continue reading...