KaMMCO Admitted to Connecticut Insurance Market
March 6, 2018by
KaMMCO announced today that it has been admitted to sell medical professional liability insurance and cyber security insurance in the Connecticut. As a member-directed insurance and healthcare technology company, KaMMCO is rated “A-” (Excellent) by A.M. Best. “The KaMMCO underwriting discipline and financial strength, combined with our pledge to provide members with superior claims protection offers healthcare professionals a truly unique medical professional liability insurance option,” said Kurt Scott, president and chief executive officer of KaMMCO. KaMMCO is entering the Connecticut market with support from the Connecticut State Medical Society (CSMS). “We are proud to work with the Connecticut State Medical Society to grow our insurance business,” said Scott, “and we are honored they recognize us as their medical professional liability insurance Preferred Affinity Partner.” “We are excited to add KaMMCO as a proven insurance option for liability insurance and especially cyber security insurance for our members," said Matthew Katz, executive vice president and chief executive officer of CSMS. "KaMMCO is a partner we know we can count on.” Katz added that the cyber security insurance is extremely important to CSMS members following recent identity theft incidents. KaMMCO began the licensing process in early 2017, receiving notification from the Connecticut Insurance Department on February 23. “In working closely with the Connecticut State Medical Society on the development and launch of CTHealthLink, the physician-led health information exchange, it became clear that there was an opportunity to further serve the physicians and healthcare providers of Connecticut with valuable insurance products,” Scott added. KaMMCO will be working with the organization’s brokerage firm, CSMS Insurance Agency, and anticipates quoting coverage later this spring.