MagMutual Rolls Out Discount Plan for Policyholders Impacted by COVID-19

April 14, 2020 by matray

MagMutual announced new premium discounts on medical professional liability policies as they renew next year for policyholders who experienced lower patient volumes in 2020 as a result of the coronavirus outbreak. Discounts will extend through to 2023 policy renewal period. “This COVID-19 crisis has altered the way our country is… Continue reading...

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MagMutual announces nine-month policy premium payment deferral option for medical professional liability policyholders

April 14, 2020 by matray

MagMutual announced that its medical professional liability policyholders can defer their premium payments for nine months. The premium deferment option is available to existing and new policyholders. At the completion of the nine-month period, policyholders will then have the option to spread out their outstanding balance over their subsequent renewed… Continue reading...

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MagMutual announces 9-month policy premium payment deferral option for medical professional liability policyholders

April 3, 2020 by matray

MagMutual announced that its medical professional liability policyholders can defer their premium payments for nine months. The premium deferment option is available to existing, new and prospective policyholders. At the completion of the nine-month period, policyholders will then have the option to spread out their outstanding balance over their subsequent… Continue reading...

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MagMutual Foundation donates $1 Million to MagMutual PolicyOwners on the front lines of the coronavirus outbreak

March 27, 2020 by matray

Many of MagMutual’s policyholders who are on the front lines of dealing with the coronavirus (COVID-19) pandemic are staying in hotels and other temporary accommodation, all to keep their loved ones from risking infection. In response, the MagMutual Foundation announced that it has set aside $1 million to help any… Continue reading...

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MagMutual declares policyholder dividend for 2020

March 12, 2020 by matray

MagMutual Insurance Company today announced it will be returning a 7% dividend to its PolicyOwners. This marks the thirteenth consecutive year that the company has paid dividends. Since its inception, the company has returned more than $293M in financial rewards to its PolicyOwners, according to MagMutual. “MagMutual is owned by… Continue reading...

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MagMutual Declares New Dividend and Owners Circle Options for 2019

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… Continue reading...

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A.M. Best Upgrades Issuer Credit Ratings of Members of MAG Mutual Group

August 6, 2018 by matray

A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of MAG Mutual Insurance Company (Atlanta, Ga.) and Professional Security Insurance Company (Scottsdale, Ariz.), collectively known as MAG Mutual Group. The outlook of these Credit Ratings (ratings) is… Continue reading...

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MagMutual Declares New Dividend, Owners Circle Options for 2018

March 13, 2018 by matray

MagMutual Insurance Co. announced a 10-percent premium return to policy owners as well as flexible options for its dividend and Owners Circle reward programs. According to the insurer of medical liability, MagMutual policyholders have received over $215 million in dividends since inception. "MagMutual continues to pay more than ever to… Continue reading...

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