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ProAssurance CEO Sees NORCAL Acquisition As Win-Win
Since becoming chief executive officer of ProAssurance in July 2019, Ned Rand and his executive team have managed to reduce operating costs by nearly $20 million while continuing the company’s efforts to scale up. The Birmingham, Ala.-based company has made five strategic acquisitions since 2009, with the latest being the NORCAL transaction for $441 million, More
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Skyward Specialty Insurance Group is ready to quote
Skyward Specialty Insurance Group, Inc. has announced that it is ready to begin quoting business to its partners. Skyward Specialty, which is one of the bigger names in the specialty property and casualty insurance market, had previously stated that it intended to enter the Healthcare Professional Liability business. Initially, all underwriting will be primarily concerned More
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ProAssurance Insurance Targets Independent Contractors With New Endorsements
ProAssurance Indemnity Company, Inc., introduced two new endorsements on April 1, targeting independent contractors. These endorsements are new and will be intended for use with the carrier’s Healthcare Professional Liability Program, as well as for use with its Ob-Gyn and MDVIP purchasing groups. ProAssurance will aim to bring these new coverage options to New Jersey. More
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Berkshire’s MedPro plans physicians rate hike
Berkshire Hathaway subsidiary The Medical Protective Company will implement a rate increase to its Physicians & Surgeons and Allied Healthcare Providers programs. These rate changes will primarily impact the carrier’s Physicians & Surgeons book of business. MedPro is planning to implement an overall 3.0% rate increase to this program. The carrier is aiming to implement More
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State Volunteer hikes rates in Q2 citing competition
State Volunteer Mutual Insurance Company will introduce a rate hike to its Physician Surgeon Medical Professional Liability program midway through the 2nd quarter of 2021. The carrier is aiming to introduce an overall 3% increase to its physician and surgeon rates, which was tentatively scheduled to go into effect on May 15 in Georgia. This More
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Chubb Expands Risk Management Coverage Limit Options With New Endorsement
Chubb subsidiary ACE American Insurance Company will introduce a new endorsement, along with a revised endorsement, to its Chubb Professional Enterprise Risk Management Policy on approval from state regulators in North Carolina. Both endorsements will be optional. The new endorsement will be dubbed the Maximum Policy Limits of Insurance (Item 3) Amended – Cyber Insuring More
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Curi Continues Physicians and Surgeons Expansion
Curi, formerly Medical Mutual Insurance Company of North Carolina, continues its efforts to expand its geographic reach in 2021, with plans to bring its physicians and surgeons program to Maine near the end of the first quarter. The carrier is eyeing an effective date of March 15, 2021, with the carrier planning to utilize its More
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W.R. Berkley Broadens Cyber With Nearly 50 New Endorsements
W.R. Berkley subsidiary Key Risk Insurance Company is aiming to introduce over 40 new endorsements to its Berkley Cyber Risk Insurance Program in the coming weeks. The carrier is aiming to introduce these new product tweaks in Texas, effective immediately upon regulatory approval, but will likely come to other markets before year’s end. Cyber Risk More
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Berkshire Expands Into Dental Professional Liability Insurance
Berkshire Hathaway Specialty Insurance Company (BHSIC) will expand the reach of its dental professional liability program, introducing a new offering in the coming weeks. The new program, dubbed Professional Protection – Dental Malpractice Liability, will be introduce in Texas on approval from state regulators. This new program will target a range of dental classes and More
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Curi taps competition with Medical Professional Liability expansion
Curi, formerly Medical Mutual Insurance Company of North Carolina, will expand the reach of its medical professional liability program in the second quarter of 2021. The carrier is aiming to bring its physician and surgeons program to New Mexico on April 15, pending state regulatory approval. Though the company has experienced a name change, it More
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Nationwide Launching New Cyber Insurance Program in Q2
Nationwide subsidiary National Casualty Company (NCC) will introduce a new cyber insurance program to its playbook in the second quarter of this year. The program is scheduled to go into effect at the start of April. Dubbed the Enterprise Cyber Insurance Program, NCC’s new program will be offered through the company’s Management Liability and Specialty More
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Coverys taps competition with new dental program
Coverys subsidiary ProSelect Insurance Company will launch a new medical professional liability program on March 1, 2021 targeting dental professional liability. The carrier’s program is set to launch in California, tapping competitor CNA’s existing dental program effective as of Nov. 1, 2017, in the Golden State for its rates and increased limit factors. The program More
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